Post by
piduks on Jun 28, 2024 8:21pm
Warning signs a CEO is lying
And this is more common with micro cap penny stocks because they tend to be over looked with limited monitoring resources that focus on bigger companies compared to a micro cap that has little impact on the overall health and credibility of a stock market.
When a CEO makes a statement and does not follow through with it, a risk it's a lie.
When a CEO makes a statement of partner but never discloses the name of the partner or nature of the business with the partner, a risk it's a lie.
When a CEO makes a statement of a 'plan' on a new product launch but fails to disclose timing of it, even a targeted quarter for it's launch, a risk it's a lie.
A lot of you are full of 'hope' that in August they pull a rabbit out of their hat and show a nice gain in positive earnings but there is nothing to support that hope.
These are all red flags that have been waiving for a while now.
If CEO's didn't lie then the U.S. Securities and Exchange Commission would be much smaller.
Maybe you Canadians can better understand the 'pink sheets' of the Vancouver Stock Exchange and the grand stories told there by CEO's to pump the stock.
On top of that this CEO was peddling Oxycotin as a sales and marketing rep knowing full well it was lethal.
The only hope was to get rid of the existing CEO and get someone with medical/scientific back ground.
Maybe some of you don't know that Tilray also has a Drug Establishment License so who the heck needs Medipharm Labs and a damaged goods former Purdue CEO?
To brag about some chump change revenue from ONE TIME clinical trial and say it's good money, you really need to look at things deeper other than the hook some of you have burried in your throats.