That's a tough one to accept seeing that not all p
Post# of 14350
Posted On: 06/22/2014 7:54:31 PM
That's a tough one to accept seeing that not all pennies are scams. More times than not just victims of their need to finance the company. It's like the restaurant business, taking profits too soon guarantees their eventual demise.
Most get interested in that market because it seems like easy money. When in actuality it requires a lot more skill to navigate than the upper markets. Which is why pretty much all of us have one time or another spoken about the very expensive lessons we've all had to learn for ourselves to truly understand. But that's not the SEC's fault when people think they know more than they do and lose their shirts.
With that being said you have to think they've got to have a Santa Clause length list of complaints about that site. We all know it's rigged and is really quite easy to see, yet don't see why they'd purposely ignore such practices. Imo what allows them the ability to continually do it is that posters love to complain but organizing legal action against them is a totally different beast. One of these days one of their insiders will blow the whistle which is exactly what I think needs to happen for their pot to get stirred.
Most get interested in that market because it seems like easy money. When in actuality it requires a lot more skill to navigate than the upper markets. Which is why pretty much all of us have one time or another spoken about the very expensive lessons we've all had to learn for ourselves to truly understand. But that's not the SEC's fault when people think they know more than they do and lose their shirts.
With that being said you have to think they've got to have a Santa Clause length list of complaints about that site. We all know it's rigged and is really quite easy to see, yet don't see why they'd purposely ignore such practices. Imo what allows them the ability to continually do it is that posters love to complain but organizing legal action against them is a totally different beast. One of these days one of their insiders will blow the whistle which is exactly what I think needs to happen for their pot to get stirred.
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