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Home > News > Beware the nano penny stocks

September 5th, 2007

Beware the nano penny stocks

The New York Times today is running an article - Breathless Pitches for Penny Stocks, Now in Newspapers - on how get-rich-quick offers to buy a hot stock in a tiny, unknown company increasingly appear as full-page ads in major newspapers. One example the article lists is from a company called Nano Chemical Systems Holdings, which last April bought a full-page ad in the business section of The New York Times, replete with frothy lines like "Don't miss this incredible investment opportunity!"


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