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This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks

This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks

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Behappyalways Offline
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#1
14-03-2015, 11:13 AM
This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks
http://www.bloomberg.com/news/articles/2...-financing
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kelvesy Offline
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#2
14-03-2015, 11:45 AM
Pretty damn briliant!
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opmi Offline
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#3
14-03-2015, 12:03 PM
(14-03-2015, 11:45 AM)kelvesy Wrote: Pretty damn briliant!

toxic CB..used by inv bankers on some of S-chips. Diluted and diluted until up lorry.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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level13 Offline
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#4
14-03-2015, 10:44 PM
These are high class loansharks are not something new. Have seen many SGX counters involved in such things before and after GFC in 2008.

There is a reason why run-of-the-mill financial institutions do not want to lend money to such companies. If these loansharks are serious about investing in the business, they should exercise the CB at no discount and then lock up the shares for a minimum period of 2 yrs.

But again these are penny counters that are dying, what bargaining power do they have.... LOL!
There are no good stocks. Stocks are only good when they go up after you bought them.
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