Is promoting a penny stock using legitimate press releases and accurate information perfectly legal?
I want to be very careful about this. I own shares in a legitimate undervalued company that I have been recommending for the mutual benefit of myself and others who decide to invest. If I send mass messages to my groups in stock message boards as a stock tip, is that perfectly legal?
Yes they are press releases. I am not affiliated with the company… millions of people make recommendations, large websites social media accounts are dedicated to making them. What is the problem?
I think it would be almost impossible to differentiate your proposal from a typical “pump and dump” scheme. It would be difficult to defend your position if challenged by the SEC.
If you re-distribute company press releases, you might be taking on liability for the accuracy of that information.
I think it is a really bad idea.
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