Penny Stock Guide

Are there ‘Scam’ Stocks? How do you Know if it is ‘Real’?

Just curious about stock scams and how to know if a company is really working for profit – or if the company and the stock is just a scam. For example efsf.ob – is for a company called efoodsafety.com – it appears to have headlines and the stock fluctuates – but is is ‘real’. And yep – i do know that all penny stocks are extremely risky – but is one like efsf.ob really trying – or just looking for suckers to invest?

It depends where it trades. In general, the OTC BB has stocks that don’t meet the requirements for listing on the new york or nasdaq exchanges. Since that is the case, they aren’t required to do all the regulatory filings (earnings reports, etc), so who knows what they’re doing.

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