When they get a deal with a major, penny
stock promoters go to great lengths to make it seem bigger than it is.
Not exact matches
This week's award
goes to David Merkel, a proven ally of the individual investor, who is on the warpath against penny
stock promoters.
When penny
stock promoters manage to make a deal with a major firm, they often
go to great lengths to make it seem bigger than it is.
The sponsors and
promoters of Schaefer Brewing who received common
stocks for $ 1 before Schaefer
went public at $ 26 in transactions which allowed the Schaefer family to extract large sums from the company while still maintaining control of the company.
Rather, the fortunes are made by those able to obtain cheap
stock prices for a company
going public; certain opportunistic creditors;
promoters who earn large managerial fees; investment banking fees; trading commissions, and carried interests.
When penny
stock promoters get a deal with a major, they
go to great lengths to make it seem bigger than it is.
Major company involvement is frequently exaggerated: When penny
stock promoters manage to make a deal with a major firm, they often
go to great lengths to make it seem bigger than it is.
This could be a v interesting alternative / switch from Green REIT, but you first need to ask: Will the IPO
go ahead, what's the track record of the
promoters, and what are your actual chances of being allocated
stock in the IPO?