Thread: Can you start a penny stock and actually get investor money and make a legitimate company?
View Single Post
Old 01-11-2013, 01:13 PM  
MrMaxwell
Too lazy to set a custom title
 
Industry Role:
Join Date: Jul 2005
Posts: 10,057
Quote:
Originally Posted by TisMe View Post
The moment you start buying shares the price would jump. The float is not enough to gain control, even if you could buy it up.

A shell in good standing can be worth several hundred thousand dollars to half a million, much more if it is particularly clean and properly listed.
What if it is a complete piece of shit?
MrMaxwell is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote