Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: bigbuk who wrote (77437)	6/4/2002 10:41:05 PM
From: mmmary	Read Replies (2) of 122087

Great article, definitely pyramid schemes especially if you look at penny stock companies. Some are more than just stock scams. Just a "legal" pyramid of insiders selling nothing to finance companies and promoters who hope to sell the same nothing to the first wave of investors for profit. Then that wave of investors finally realizes they have nothing so they then sell their nothing shares to the next wave. Throw in some self dealing, huge salaries and options just to make it interesting. After a couple of pump and dump waves, the gig is up, people realize there is no real business, stock goes to zero, SEC may or may not step in, a wrist may be slapped though generally not. Then just rinse the shell and repeat. You can even use the same people and "product." Just ask Paul Metzinger who's been doing this for 30 years. Never had a profitable company yet keeps trying by starting new companies. Is he persistent or "what?" ;-)

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