Those that didn't get in line knew they'd eventually be demoted to penny-stock status.
The SEC followed a year after my story with a lawsuit accusing Rivera of penny-stock fraud.
While scrambling for green-energy investments they can trumpet in news releases, penny-stock operators invariably collide.
Bernstein now works the other side, running Web site StockPatrol.com, which alerts investors to penny-stock fraud.
And Spitzer, whose predecessors had focused on penny-stock fraud and such, began eyeing big targets on Wall Street.
McLaughlin formed Earth in late 2005 out of other penny-stock companies he controls including Dallas-based Apollo Resources International.
McLaughlin formed Earth in late 2005 out of bits and pieces of other penny-stock companies he controls, including Apollo Resources.
We count 2, 998 new issues in the last ten years (excluding penny-stock deals), with an average relative-to-market score of only 94.
Not to worry: It now trades on the Nasdaq bulletin board, thanks to an old tactic of penny-stock operators--the reverse merger.
Hordes of penny-stock hustlers have headed south to the American Stock Exchange, the o-t-c bulletin board and the Pink Sheets since the Vancouver Stock Exchange disappeared in 1999.
Rivera came to an end yesterday when a federal judge in Mississippi granted the Securities and Exchange Commission a summary judgment against Rivera, barring him forever from the penny-stock business.
Singh started his coverage in 2002 with a skeptical "hold" rating and upgraded Lucent before its shares began a slow rise from penny-stock status to once again being a worthwhile investment.
Capitalizing on the popular mania for sustainable energy, the penny-stock operators are converting failed Canadian mining outfits and Internet firms into green machines with names like Western Wind Energy and Hydrogen Power International.
The creditor says McLaughlin tried to pay off a debt with common stock in his company, even recommending a Boca Raton, Fla. broker, since sanctioned for penny-stock scams, who could supposedly sell the shares on the open market.
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As shares of Suntech and other Chinese solar companies plunge into penny-stock territory amid fraud accusations and a global glut of photovoltaic panels made for residential rooftops, U.S. leader First Solar saw its stock jump nearly 25% Thursday after it forecast a growing market for putting its panels on the ground in the form of giant power plants that it designs and builds.
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Global Links has also sued the DTCC for defamation over a line in the media statement that suggested sub-penny stock companies try to artificially raise their stock prices by doing 350-to-1 reverse splits.
Global Links is, in fact, a sub-penny stock company and has done several such reverse splits over the last few years.
Recently, a client hired us to research a volatile micro-cap penny stock, Nuvilex(NVLX) .
The U.S. Securities and Exchange Commission has promised trading halts, lawsuits and other probes in its efforts to curb manipulation in the penny stock market--and halt a tsunami of e-mails touting these questionable securities.
Click here for the best fundamentally sound penny stocks in Forbes Low-Priced Stock Report.
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Our hard-hitting investigative stories have exposed penny stock bucket shops, dicey tax shelters, bond scams and Wall Street trickery.
The founder-entrepreneur purchases his stock for a penny a share and the VC general partner is allocated a percentage of the stock (if the VC firm is profitable) without paying extra for it.
The result of this risk-averse late-to-the-party paralysis is that Kodak is now a penny stock trading at around 66 cents a share, a poster child for myopic corporate governance.
Born in Chicago, he bought into penny mining stocks and pitched them on the Vancouver Stock Exchange--until prospectors of his Diamond Fields Resources looking for diamonds in Voisey's Bay, Newfoundland happened upon a vast nickel deposit.
It is a penny stock company that held its annual meeting in Florida several weeks ago during a three-day fundamentalist religious revival.
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