MikeCooper

Reconsidering Penny Stocks

You've done good. But I think you could do better if you find a way to address the pent up demand for information on penny stocks. Just as there will always be schmucks that find losing >$1,000 on roulette at Vegas to be a relaxing family vacation, there will always be investors in penny stocks. Blanket policies like yours leave the door wide open to the boileroom charlatans you are trying to discourage. I speak as one of the schmucks! There is one PK penny stock I have my eye on (I won't mention it here to avoid being accused of pumping), which I know to be a legitimate, if highly speculative business in its development phase. I know there would be larger interest in the stock if there was an impartial source of information on it. Other than company press releases and pumpn' dump message boards there isn't one.

Is there no way you can separate the penny stock wheat from chaff? Perhaps solicit reviewers the way you presently solicit writers? There have to be ways. This is more than just a convenience issue for amateur investors like me. Properly managed the OTC and PK could be a viable means for small, SMALL new businesses to become and stay liquid during their developement phase. The rampant presense of thieves and con men has largely prevented that from happening so far. We should not leave this potentially lucrative and productive investment avenue to them.