"Every day more and more investors are beginning t
Post# of 43064
- AlanC
However, many investors are also confused as to who really robbed them.
Usually if a product is grossly misrepresented and a consumer buys it then finds out about the misrepresentation, they most often blame the person who misrepresented the product.
That's not the case in penny stocks...when PTOI said it had a processor costing $80,000 which could produce 115 bbls to 230 bbls/day of a crude oil equivalent worth near West Texas Intermediate crude prices, at a cost of under $10/bbl ("literally have to make up costs" to get to that $10/bbl cost)...and when later investors find out the claims were fake, those investors often feel that they were robbed by short sellers, market makers and other boogeymen instead of by the people who directly lied to them.
When investors understand that the penny stock operators are the ones making fake claims in order to get investors to buy their stock...then they will understand what's really happening.