It seems like a very interesting way to make A LOT of money.
All I am seeing in these companies is that their business IS their stock and hyping it and then selling their own shares.
Then like you say they'll either reverse split or just buy it all back for .0001
I mean, hell, why could I not acquire or start a penny company and use all of that money for an actual business?
Like say I used the money for acquiring properties or something like that... It could actually be a real company.. many of these have cash assets of $100 and no income at all... surely I could find one they're done raping and buy it for about nothing
What would happen if I bought up over 50% of the shares at .0001 .... would I own the company then? How does that work? I definitely want to learn more about this shit
|