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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
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To: Cents who wrote (240)10/16/1997 9:11:00 AM
From: Dave B   of 4650
 
This is not to pick on ADOT in particular,but I dont understand the attraction of bulletin board stocks, with increasing instances of fraud-due mainly to the lack of reporting requirements of these companies.
The following comes from a NASD regulatory report:
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It is in the thinly traded, micro-cap securities that characterize the
over-the-counter-market where we are seeing ever-increasing growth in
stock fraud.

Fueling this fact is a significant number of OTC companies that report
absolutely no information to the SEC, making their financial situation a
virtual "tabula rasa" or blank slate to investors. While some companies
make financial information available, what reaches investors is not
required to be subject to any auditing standards. In other words, you
have to take the company's (or your broker's) word for it; you have
little more. There is no minimum price that an OTC company must maintain
in order to trade. Stocks in the OTC market can and do trade for mere
pennies, and indeed the OTC is where you find the so-called "penny"
stocks.
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Are there any examples of BB Stocks that have reached sustainable price growth, beyond the hype and manipulation of price? Just curious!

I like to trade micro-cap stocks, but I have to draw the line somewhere, which means staying away from these companies

Dave B
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