Is there an average number of years before a penny stock takes off– if ever?
I bought some stocks in a development-stage company. They have a novel device that will have a HUGE market. The stock is listed OTC. They’ve been developing this device and securing licensing agreements for technology they didn’t invent. They’ve only been listed for two years. Every time the share price rises, somebody dumps their shares and it seems as if this could continue indefinitely!
99% become worthless within three years. The liquid assets will be transferred quickly through a number of successor companies in different states, and there is no requirement that you be told that the company went belly up.
When that happens, there are generous tax claims you can make.
How To Time Explosive Stocks Example 8/8