Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

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Reconnaissance Energy (Africa) Ltd > Penny Stocks Scams are so Passé

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Post by Oregonduck on Aug 03, 2022 6:36pm

Penny Stocks Scams are so Passé

Although some investors are still falling for those pump-and-dumps from Vancouver.

"Wallstreetbets" portal is where the money is. A little known fintech co from Hong Kong was listed by NYSE on July 15, 2022 for an IPO priced at US$7.80 per share. In less than 2 weeks, it went to a high of $25,000 on Reddit crowd buying. The total mkt value exceeded $300 billion. If one had bought 1,000 shares at $7,800, the investment would have gone to $2.5 million. https://amp.cnn.com/cnn/2022/08/03/investing/amtd-digital-stock-reddit-wallstreetbets-intl-hnk/index.html

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Comment by pacer001 on Aug 03, 2022 10:11pm

Mr. Duck glad to see you are finally barking up the right tree - the crypto kids Reddit, etc. The crypto kids are being cleaned out so badly by the crypto crooks that they will be committing suicide and land up and in a crypt!

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Reconnaissance Energy (Africa) Ltd