Phony Stock 202

What's with the recent wave of junk email phony stocks? Last week I received an email about egly.ob, whose financials I disected as fradualent. Last week it was the stock to be immediately bought at $0.99. Wow, it sucks for people who bought it. They lost 1/3 of their money.



I got another junk email stock solicitation. This one for smkg.pk. It's been trading for 5 days at less than a quarter a share. Unfortunately, there is no other data. A search for the CEO, Massimo Barone shows that he sold 6000 shares of stock in a company called COBB.OB for $5400 in 2001. That stock no longer exists. Sounds like classic "pump and dump" scheme.