I completely agree with what you're implying. The
Post# of 43064
Invariably in these scam stocks investors don't or can't do a valuation of the company. They're highly driven by reference prices and that reference price is usually the last trade. Cheaper than that reference price is a "great deal" to them. As a result scam stocks slowly sink over a long period of time as you saw in SSTP.
Don't underestimate how long investors will "wait it out" either. If there's one thing I trust when I hear investors say it, it's when investors say they're in a stock for the long haul, they're not kidding. I've seen scams last for over a decade for that very reason.
A while back the notion that PTOI dropping to "fiddy cents" had investors rolling on the floor holding their bellies from laughing so hard. Now the new number is probably a couple of cents because based on today's trading prices, $0.02 would be a "great deal." Who knows how long it will take before it hits $0.02, though??