Not a slam against penny stock investors but isn't there a higher chance of being scammed when playing the penny stock game (ie., OTC BB and pinksheets)? Aren't many of these just "shell" companies?
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Originally Posted by Biggy
lets say everything goes the way they planned, last quarter they spent 1 million dollars to generate 100k in sales. the stock is valued at LESS than a penny. every quarter they lose money, and simply issue more stock (diluting your ownership), just so they have cash to run their daily operating activities. they have no cash, how do you anything without having cash? this company will be out of business in no time. because of your recommendation on this bullshit stock, my buddy lost close to $5k on it, seriously. i wish he would've told me about it before he bought stock, i would have never let him go into it.
these penny stocks are a joke, if you want to double your money quickly, go to vegas, put all the money on red or black, and you will seriously have a higher probability of success.
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