penny stock
Noun
Meaning
a stock selling for less that $1/share
Source: WordNetSynonyms
Hypernyms
Examples
A firm controlled by DeNobile (RDW Capital) was involved in a former penny stock pump-and-dump, XLI Technologies.
A simple Google search of "penny stock fraud" narrowed down to the last year yields scores of reports of criminal activity, indictments, lost fortunes and jail time related to penny stocks.
Or officials could deny the numerous penny stock reverse mergers and reverse splits that DiIorio says drive the scheme.
Consider, for example, that Apple was once a penny stock, but now the company is worth hundreds of billions of dollars.
You should try it sometime with the companies that appear in the penny stock websites.
Unfortunately our CEO and RedDiamond are not the only players in ComSovereign that seemingly have ties to penny stock pump-and-dumps.