Probably most of us know about stocks and stock markets. It is one place which offers the possibility to get rich without any hard work.
Let us imagine about a stock. Over two years, its price has changed between $460,800,000 and $0.0008 over just two and a half years! No, I have not made any mistake with zeros or decimal points in the numbers! Great Basin Scientific Inc (NASD Stock Symbol GBSN) has actually fluctuated between these two numbers. See the chart below! Actually, the price movement is in the opposite direction! The company stock has gone through multiple reverse splits and if you adjust the price of the original stock for every split, the day the stock GSBN first traded, it was $460,800,000! Almost half a billion! Do you know that is the price of the stock today? It is not even a penny!!! It is traded at $.0008! That means you can buy 10,000 stocks of GBSN today for 8 pennies!!!
Reverse Split history: GBSN
Dec 28, 2016 1: 300 sharesSep 16, 2016 1:80 shares
March 31, 2016. This was a 1 for 35
December 14, 2015 1:60 shares
Do you know what these reverse splits mean? If you had 50,400,000 stock on day#1, you would be left with 1 stock today!! The power of multiplications LOL!
These numbers are insane. They are even crazier when you find the value of that stock is $.0008 today! Didn't I say you can buy 10,000 stocks today for 8 pennies! And now the biggest shock of this one of the most crooked games in capitalist society! The 8 pennies you spend today to buy 10000 stocks of GBSN are worth 504,000,000,000 original stocks!!! That is like you had 504 billion stocks in GBSN on the day it traded! Can you imagine who much money investors would have lost in this game?
Now in this whole game who made money? Not investors. I don't think any investor would have made even a penny. Maybe some lucky traders made some money. However, most money was made by -the founders, the management, the companies (which are most likely related entities) which bought convertible bonds of GBSN!
Here is how much pay the executives take home (as per Yahoo Finance)
How is this possible? As long as there are investors who like to buy cheap, penny stocks, or stocks based on tips by vested interests or tips by strangers on various message boards, there are always fraudsters who are out there to cheat them.
If you are curious about such scams' work, please see the details below! Don't forget to read the readers' comments too at the bottom of the page!
http://seekingalpha.com/article/4010176-great-basin-scientific-toxic-financing-never-ends
Let us imagine about a stock. Over two years, its price has changed between $460,800,000 and $0.0008 over just two and a half years! No, I have not made any mistake with zeros or decimal points in the numbers! Great Basin Scientific Inc (NASD Stock Symbol GBSN) has actually fluctuated between these two numbers. See the chart below! Actually, the price movement is in the opposite direction! The company stock has gone through multiple reverse splits and if you adjust the price of the original stock for every split, the day the stock GSBN first traded, it was $460,800,000! Almost half a billion! Do you know that is the price of the stock today? It is not even a penny!!! It is traded at $.0008! That means you can buy 10,000 stocks of GBSN today for 8 pennies!!!
 |
| GBSN stock price history |
Reverse Split history: GBSN
Dec 28, 2016 1: 300 sharesSep 16, 2016 1:80 shares
March 31, 2016. This was a 1 for 35
December 14, 2015 1:60 shares
Do you know what these reverse splits mean? If you had 50,400,000 stock on day#1, you would be left with 1 stock today!! The power of multiplications LOL!
These numbers are insane. They are even crazier when you find the value of that stock is $.0008 today! Didn't I say you can buy 10,000 stocks today for 8 pennies! And now the biggest shock of this one of the most crooked games in capitalist society! The 8 pennies you spend today to buy 10000 stocks of GBSN are worth 504,000,000,000 original stocks!!! That is like you had 504 billion stocks in GBSN on the day it traded! Can you imagine who much money investors would have lost in this game?
Now in this whole game who made money? Not investors. I don't think any investor would have made even a penny. Maybe some lucky traders made some money. However, most money was made by -the founders, the management, the companies (which are most likely related entities) which bought convertible bonds of GBSN!
Here is how much pay the executives take home (as per Yahoo Finance)
 |
| GBSN executives |
How is this possible? As long as there are investors who like to buy cheap, penny stocks, or stocks based on tips by vested interests or tips by strangers on various message boards, there are always fraudsters who are out there to cheat them.
If you are curious about such scams' work, please see the details below! Don't forget to read the readers' comments too at the bottom of the page!
http://seekingalpha.com/article/4010176-great-basin-scientific-toxic-financing-never-ends
Hi everybody, I am Morgan Edward ,currently living in Canada. I am married at the moment with two kids and i was struck in a financial situation and I needed to refinance and pay for my son medical bill. I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit. But as God would have it, I was introduced to a private loan lender by a friend and I got a loan sum of 150,000.00 USD and today am a business owner and my kids are doing well at the moment. So dear,if you must contact any firm with reference to securing a loan with low interest rate of 2% and better repayment plans and schedule,please contact Mr Lorenzo Diego he doesn’t know that am doing this but am so happy now and i decided to let people know more about him, he offers all kinds of loans to both individuals and company and also i want God to bless him more. You can contact his company through this E-mail mrlorenzodiegoloanfirm@outlook.com
ReplyDelete