you should probably look into who his father was.
How To Identify A Micro-Cap Scam
ur inbox is littered with them: newsletters alerting you to micro-cap stocks that are "Up 92% in one day!" or promise "1000% + gain on this one!" Some micro-cap scams are obvious, but others are not. Do you know how to identify a scam?
The siren call of wild returns from micro-cap stocks can be hard to resist. With approximately 15,000 publicly traded securities in the United States, most investors know there are many overlooked and misunderstood smaller companies worth owning. But investing in micro caps can be a minefield unless you know how to recognize real opportunity from fraud.
What Are Micro-Caps and Where Do They Trade?
The term "micro-cap" refers to companies with low or "micro" market capitalizations. These are companies typically ranging between $50 million - $300 million in market capitalization. Micro-cap companies primarily trade on the Over-the-Counter Bulletin Board (OTCBB) or the pink sheets.
The OTCBB is an electronic quotation system that displays real-time quotes, last-sale prices and volume information for many OTC securities that are not listed on the Nasdaq or other major securities exchanges. Although the NASD oversees the OTCBB, the OTCBB is not part of the Nasdaq. Scam artists often claim that an OTCBB company is a Nasdaq company, but this is misleading; it suggests that a company is larger and more liquid than it probably is. The pink sheets are named for the color of paper on which they've historically been printed. Many stocks quoted on the pink sheets are "penny stocks." The pink sheets is not a stock exchange and it is unregulated.
What's Different About Micro-Caps?
We all know that good information is an investor's best defense when purchasing shares in any company, but accurate information on micro-cap stocks can be hard to come by. Many micro-cap companies don't file reports with the Securities and Exchange Commission (SEC), so it's tough for investors to get all the facts. Lack of reliable information makes it easy for investors to be seduced by scam artists.
Another important difference between micro-caps and larger stocks is the lack of minimum listing standards. Companies that trade their stocks on major exchanges, like the NYSE and the Nasdaq, must maintain minimum amounts of net assets and minimum numbers of shareholders to retain their listings. Companies on the OTCBB or the pink sheets, however, do not have to meet any minimum standards.
https://www.investopedia.com/articles/stocks/07/microcap_scam.asp
I know. Those two are a tactic here to discredit any financial information about market mechanics. It's copypasta for everytime they come in here and try to shill pink sheet stocks.
It's the krassentwats.
damn that brings back a memory or two
been used around here for months. not recently though