Celebrate the return of pumped penny stocks!
Sponsored LinksProteonomix (Pink Sheets: PROT) is in the business of … well it doesn’t matter. It is a tiny little pink sheet company with no audited financials, a stock on fire (from $1 to $13 in just over a month), a negative book value, no hope of ever earning money, insider self-dealing, and a web site that was until recently overwhelmed by typos (thanks to fellow stock trader Investors Live for noticing and recording).
It is unfortunate that Prot’s market cap is only $40 million, otherwise it would make a great short in CAPS. In real life I can say only stay away. Though I can borrow shares to short I will not be selling it short because volume is low and the float is tiny, meaning that there is little likelihood of the stock trading near a fair value (which is negative) any time soon. I guarantee you that within two years the stock will be down over 99%.
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