Did anybody see the 20/20 show on Friday night about the OTC stock scam that cost investors millions? It was a stock for a company with a health care product that was supposed to save many lives being hyped up on very active message boards. One investor said, "It was good for society, good for humanity, and good for my wallet, too." Its investors were astounded that any bashers would be against saving so many lives (sound familiar?). It was reviewed by the SEC, halted, and now trades at under a penny.
At the end of the segment, they said the moral of the story was, "You've got to be a fool to invest money in a stock based on what you read about it on an internet message board. Those could simply be modern day versions of boiler room operations."
hmm, nobody here has invested in such a life-saving stock based on what they've read on a very active message board, have they?
Nobody pays anyone to bash a stock (think about it -- why would anyone pay someone to bash a legitimate stock?), but many touts are paid big $$ and stock to promote boiler room scams. Does anybody know of any company that has been giving away shares for promotion, "sales," and who knows what? That would look awfully fishy to me, particularly if the people behind the company had shady backgrounds and if the company had a history of misleading press releases...
To find out what you can do to protect yourself from online investment scams, see this article: abcnews.go.com
“All the scamsters need is a small percentage of people reading message boards to purchase the stocks that they’re pumping.”
I hope this post will wake some people up so that they will not be lead into temptation but will be delivered from evil...
God will judge who is evil in the end. Mark these words... |
