Can you start a penny stock and actually get investor money and make a legitimate company?
 

It seems to me, all these clowns do is create stupid companies that suck in order to sell worthless shares and make millions of dollars. Couldn't someone make a real ACTUAL company out of the money from the stock holders? Like actually invest the money coming in?

Just thinking out loud

But I always see these "companies" with $200 in assets after a huge pump and dump
Why do they NEVER make companies out of them?

Is it because real companies wait until they're big enough to make it onto a real exchange?

There was a local company here that started with penny stock.
They run it for about 5 years and then sold out to Steel Dynamics for a HUGE profit.

selling worthless shares and making millions of dollars. Yeah and the FBI raided two places not long ago for doing that and took about 75 people in. Only the top couple got jail time though. Those people were spending it as fast as the money came in

Expensive and time consuming to start from scratch. The more common method is to acquire controlling interest in a "shell" company that is already public and vend in your assets through a reverse merger.

And then make your profits by doing reverse splits. :1orglaugh

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

I should learn to think quietly if I was you, it would stop people realizing how stupid you are as quickly

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.

Basically this

What if it is a complete piece of shit?

Doesn't matter because you would never get a company listed, and it takes , even for a holding company, significant amounts of cash. I dont know about BB sort of shit though, you might have a chance there.

Penny Stocks
 

Actually there is a legal way to do it. Requires minimal capital. You're restricted to offering $1,000,000 of stock. Hardest part is finding "the investors."

Once someone starts buying it's no longer a piece of shit. You'd create the market for the shares by buying them. Plus the amount of shares in the public float is almost never enough to gain control of the company.

from your post history I don't think you can

I can do all kinds of interesting shit
Everyone told me I couldn't quit school when I was twelve, but I did
Everyone thought I couldn't make money when I was eleven, but I did
Everyone thought I couldn't have my own home when I was fifteen, but I did
Everyone thought I couldn't drive or have my own home when I was fifteen, but I did
Everyone thought I couldn't do several things I can't talk about on here when I was young, but I did

Who else do you know who hasn't been on government assistance OR had any help from family who hasn't had to work and has travelled all over the country and everything else ... Not saying I've ever been wealthy but I have lived fairly well a lot of the time

I'm capable of anything.

That makes sense but I was thinking that a lot of these companies end up selling most of their shares into the market, so don't most of them end up being out in the float?

I read that they can do reverse splits, though. So that took care of that idea. And- like you say- if I went trying to buy the float up, the price would go nuts.

I meant buying a POS they've already P&D'd so that I would be able to buy a listed company for next to nothing.

Quite a few actually. And none of them are trying to find ways to cheat the system or brag about dropping out of school at the age of 12.

Congratulations on that, awesome achievement.

from what I remember your post generally are about fucked up people/girls and being fucked/losing you place to live etc..... don't recall any 'success stuff' or business stuff' from you... but then again I just fuck around here myself and I'm very successful at what I do.

was hooked on hard core drugs at 12, never finished school or went to collage. I've had no help from family. always made money though, raised a great daughter

You should start the Penny Porn Company.