Penny Stock Promoters Now Providing Useful Disclaimers
I received an unsolicited email this morning, promoting a low-cost stock. Interestingly, this solicitation had a disclaimer at the end, telling me: "We want you to know that while our ad says buy we are selling".
The email is promoting the stock of a company whose revenue for the period ending March 31, 2009 was $0. I researched the company's SEC filings and found that the company's total assets as of March 31, 2009 are $57.
What I found insightful about this promotion was the disclaimer at the bottom of the email; the highlighting is mine.
CYA: This is an
ad. We were paid get this message to you. We
only
take on projects we feel have upside and that are willing to pay
us. We
never tell people to sell. The info in this
piece is based on what the
Company told us. What we believe MAY happen
in the future may not come to
pass this is a risky
business. We don't hold any licenses and this has
not
been reviewed and signed off on by anyone. Do not get this or
any
other pick unless you are able to pay the band and handle a complete
loss
We were paid 20k for this report. Do
your homework and
research any pick before putting your hard earned cash in
it and talk to
your own experts. Basically if you decide to
buy in it's your decision
and you are on your own. We want you
to know that while our ad says buy
we are selling so you can factor it in to
your decision and we don't get in
trouble.
Needless to say, ignore this and similar stock promotions. If you receive an inappropriate solicitation, you may want to file a complaint with the SEC.
