TSXV:AAA.P - Post by User
Post by
ledrogon Feb 19, 2014 10:40am
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Post# 22224760
So...who are the greatest fools
So...who are the greatest foolsWith penny stocks the `greater fool` analogy is perfect, because without earnings and with the float constantly expanding....nobody thinks they're the greater fool, they're convinced others more foolish than themselves will show up to buy their shares for even more than they paid.
The problem with zero revenue penny stocks is dilution of course, with an ever expanding float the competion for buyers often just drives the PPS lower and lower as bagholders seek willing fools in competition with the shares being added and dumped into the market.