|
Re: Penny stocks anyone?
Australians Are legendary for chasing penny stocks, and I do mean Pennies, one family buys old defunct ASX registered companies and rebirths them into whatever is fashionable at the time, This is cheaper than doing IPO's they have never had a company fall over on them yet.
The last one was 2 months ago it was an Asian telephone company registered on the ASX and they gave it an Indonesian Iron ore mine, it opened at 2 cents and it is now 3.5 cents 75% in two months
In November 2007 They re-birthed a dental prosthetics company into an Indian Iron ore mine and it has gone from 2 cents in November 07 to 10.5 cents Today.
They also re-birthed a central Australian uranium play for 2cents that is now worth 27 cents since November 06 a 13 and a half bagger.
You must have Re-birther's there also, Look for them and see if the same family names keep popping up
If the Administrators of this forum doubt my word send me an email to my Australian email address and I will name 5 companies that you can very quickly verify have all made large amounts of money for their share holders and were all set up by this family in the last few years
|