CTO 0.00% 0.5¢ citigold corporation limited

be wary of any announcements

  1. 813 Posts.
    Be wary of companies making an announcement
    because the company directors already own many shares so they are the only one who knows when the announcement will be made and at that time they put shares on the market at a higher price.

    The gullible investors think it is great that this company's shares are going up so lets buy before they
    go any higher and the next thing they know the share price has drop back to what it was so the only one profittings are the directors and their friends.

    The poor gullible investors are left with shares the can't
    sell at a profittable price.
    This procedure is an old scheme to make money for company directors and their friends.

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