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Microcap & Penny Stocks : cgky
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To: hcm1943 who started this subject1/6/2003 2:33:58 PM
From: StockDung   of 27
 
The anonymity of cyberspace is exploited to the hilt by schemers who promote fraudulent and abusive investment schemes. In reading a bulletin board message about a stock, you have no way of knowing if the person hyping the stock was secretly paid to do so.

If someone is considered an "agent" of the stock issuer, he or she is subject to strict legal requirements about public statements, disclosure language and penalties for intentional "misrepresentations and omissions" intended to move stock prices.

Don't assume that two or more people talking up a stock are actually two or more different people. Many computer bulletin board services allow people to use aliases and nicknames. Though this is intended to protect privacy, it also can be exploited by fast-buck artists.

As a result, you may end up dealing with an undisclosed broker, investor or company insider intent on driving up the price of a stock through false information or baseless speculation that is difficult or impossible to disprove.

Online stock promoters may make all sorts of claims about visiting companies, inspecting mining operations and having personal conversations with company officials. Keep in mind that you may not be able to verify who is making these claims, much less whether any of the information is true.
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