AwesomePennyStocks.com is a website that offers a free subscription to an investment newsletter that targets the buying and selling of penny stocks. In exchange for simply supplying your email address, you will get a newsletter with stock recommendations that allegedly rise in cost on a regular basis, allowing you to earn payouts on your investment.
Penny stocks is a term used the market to reference stocks that trade for under $5.00. Awesome Penny Stocks generally seems to limit the stocks they investigate and promote to being those that actually trade at less than $1.00.
While it may seem hard to believe (or not so hard to believe, given the current financial situation in the US) that there are legitimate stocks being traded at less than $1.00 a share, it is true. Penny stocks are also called “micro cap equity” and have been around for a long time.
So is Awesome Penny Stocks a Scam?
It’s hard to say definitively whether Awesome Penny Stocks is a scam, but it is definitely dangerous. First of all, penny stocks are notoriously easy prey for price manipulation. This means that a company like Awesome Penny Stocks can purchase a large amount of potentially worthless stock, recommend it to their subscribers, who purchase the stock causing the price to rise, and then the company sells their stock, causing the the stock price to drop again.
This is a well established problem with companies that recommend penny stocks, even long before the Internet became the go-to investment guide.
Another serious problem with Awesome Penny Stocks is that they admit in their Disclaimer that they accept money from third party companies, and therefore admit to being biased when reviewing these companies. This means that Awesome Penny Stocks could be taking money from companies for the purpose of recommending their stock to their subscribers in order to bring up the price of their particular stock.
And if those problems aren’t warning enough, Awesome Penny Stocks also freely admits in their Disclaimer that no one who works for them actually has any sort of training or certification as far as investment advising is concerned. So really, if you were interested in penny stocks, you would be much better off researching and choosing them on your own, than taking a chance with a company that admits to taking money from companies who might wish to promote their own stock.
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My mom doesn't own the company. My dad owns 10% because he has invested over 250k. I was in NY last year because of a family illness Oh and I have you down as investing 11k is that an error? I am easily found and will gladly answer anyones questions regarding DigSound, watermarking music and investing in us.
The site, the clients, the associates are not a shame. Simply being disruptive and disinter mediating an industry has it's challenges.
I've worked in music licensing throughout my life. My passion has always been to provide songwriters and artists with a better way to license their music copyrights. That's what first led me to create DigSound ten years ago and it's why we grow and improve it every day.
Join the DigSound community and see how we are using verification technologies to introduce the EPL (Exact Play License) and transform yesterday's inefficient licensing practices.
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DigSound Founder
Want proof Do this Look up all of the last 10 picks from this company All of the companies are lower or equal to their beginning price when they came out. They all experienced a rapid increase in price for a very small amount of time. What does that tell you
More proof. Look up potg.Pk and milv.Pk the last 2 companies picked Both companies pr’d false documents, some ranging from 1986 (potg’s land report for the land they bought in peru) Also pr’d documentation with “disclaimers” at the bottom that basically said they were full of ****
But all this nonsense of them being scams are basically ridiculous and thought I'd leave some logic for you all to chew. Oh and don't forget to backtest MILV for the last weeks of October, you'll notice that spike only lasted about 4 days. Plenty of time for anyone who isn't competent enough to hit the sell button by the first day, to get back to it and sell of shares and still print profites off the highs.
purchase at the second you get the email and then sell ALL of your position once it about .50 cents or so. Obviously the reason the stock is going up is because the newsletter, thats why it's great. We all know theres about one or twice a month we get to make good cash for no good reason at all. You think the company your buying the stock of is all of a sudden ahead of Earnings which is why the volume and price and spiked over 500%. Hell no, it's the short term investor waiting for the next email to come out and swoop in for a quick buck.
Of course the stock is gonna crash, people are stupid if they think its a long term hold!!!! most micros are startup/development companies. They have no market and most are net loss balancecs for the first few years. People, don't be stupid here. Be smart, play it right and you could make an easy living of this. QUICK TALKING SMACK ABOUT THE NEWSLETTER AND APPRECIATE IT FOR WHAT IT IS!!!!
STAY AWAY from "free" stock sites, 99.9% of them are either pump-n-dumps (they're selling while telling you to buy) or they "pick" a stock... whatever company PAYS them.
If nothing else, these scum misrepresent what they do. They do not tell you they were paid... only in their "disclaimer", at the end, in small print... etc. They HIDE what they really do.