- Bre-X Minerals was a major Canadian mining company that perpetrated one of the largest financial frauds in the industry’s history.
- The nature of the fraud involved deliberately contaminating core samples with gold derived from other sources.
- The collapse of Bre-X helped precipitate reforms to Canadian mining industry regulations.
This is completely different..and in no way is saying it applies here...but this is the degree that penny stocks and its CEO and GREED, that leads to these corrupt activities....I personally lost 10s of thousands at that time...and did learn a valuable lesson...DO NOT TRUST these CEOs engaging in these penny stock activies....they all have a self enrichment goal to play out the story of their company and how valuable one will miss out if they do not buy their stock...they give hope to small investors of great wealth to be made by investing in their company....
Unfortunately, it does work for them and feeds the large masses of junior investors...SO SAD,...be caution....I got caught in the hype 35 years ago and hopefully learned my lesson, the hard way....Dont do the same...