Just a hunch or intuition, but more times than not, they are holding shares and want to dump them. DUMP them on YOU. Use your common sense, use your gut feeling and I can't say it enough, do your OWN due diligence.
If a stock quacks like a duck, sounds like a turd, then maybe it is one.
Here's food for thought:
In its three fiscal years ending in 2010, the SEC brought some 360 enforcement actions to revoke the registration of common stock of numerous companies. This was nearly 18 percent of the total 1,206 enforcement actions brought by the SEC in that period.
The SEC is coming down hard on these stocks and there is a reason for it. They have your best interest at heart and want to shut these scam's down. Rules and Regulations are set up for a reason. Remember a little thing called The Wall Street Crash of 1929? Our economy is already in disarray and all of the signals are there for an ugly depression. I could get into a debate over this, but I will save that conversation for another time. Do what ever it takes to protect your hard earned money and until tomorrow, make it green!
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
Warren Buffett
Warren Buffett

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