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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (24123)12/5/1997 8:42:00 PM
From: Pugs  Read Replies (1) | Respond to of 55532
 
Matty, heres' a Tideglider contribution to the DRINKING THREAD you may recall!, G'nite & Good week-end all!!
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In the classic "pump and dump" stock scam, a company whose officers own
large numbers of shares in its stock issues thousands or millions of
shares at below-market prices, or even for free, to a promoter and
affiliated brokers. The market is then artificially inflated through
demand created by the brokers, using pushy, high-pressure sales tactics
to lure unsuspecting investors. After a substantial boost in the share
price, the insiders take their profits and the stock plummets. Novices
often don't realize what is happening and cannot sell in time<<<<<<
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Pugs