Common on the Venture ExchangesI agree with Pandora this is just so common on the two Venture exchanges. The CSE is now outpacing the old Venture in a flood of new IPO penny plays daily -mostly pot and blockchain companies that have replaced the old penny mining squeezes. The US has clamped down on the OTC so many of these boiler room penny plays are also now listing on the CSE but still US based.
Actually I am starting a company that will sell bubblegum cannabis -after you have finished chewing it you can smoke it in a pipe - all organic. Of course I will use blockchain for my orders and be partnered with a cryptocurrency company. IPO will be 50 cents. I have hired some excellent promoters from the real estate industry (fortress buddies) and a call centre in India that recently got shutdown for a misunderstanding with the CRA. We are just working on some slick powerpoints and a website to bring in investors. It will go to the moon, an easy $5 to $10 stock by Spring but you have to get in early and tell all your friends and fill the chat rooms with friends to promote. Sound familar?
I will no longer buy any penny Venture stocks, the CSE has become by far the worst exchange in Canada. Generally the only winners are the exchanges themselves, the promoters and the insiders. Others like many of you here will get to claim tax losses at the end of the year. Its a motherlode for these guys and they must be killing themselves laughing because it is so easy and profitable.