Spam of the day

Some anonymous stock tipster using a phony e-mail account wants me to invest in a company whose shares only cost 11¢ each. Such a deal! Oh, wait, there is this disclaimer buried at the end of the e-mail, which ironically entitled “Stellar Stock Report”:

As with many microcap stocks, todays company has additional risk factors worth noting. The company has a going concern opinion from its auditor, a large accumulated deficit, a large negative net worth, nominal revenue in its most recent quarter, has a bank overdraft, has relied on loans from officers, directors and related parties to pay expenses, shares outstanding has been increasing and is dilutive to you, is a defendant in litigation, has two judgements against it, and has had numerous business transactions fail because of a financing that did not occur is and the need to raise capital.

A failure to raise capital could cause the company to go out of business.

The company has pledged all its assets to an officer of the company for funds advanced to the company. Failure to repay the loan could cause the company to lose all its assets and go out of business.

Other than that, though, this is really a great investment!

One thought on “Spam of the day

Comments are closed.