net penny stocks

@ducja1 (107)
United States
August 16, 2010 1:34am CST
does anyone know if www.netpennystocks is a scam i made a couple of small investments a couple weeks ago and absolutly no returns? just wondering if anyone has went for the bulk or multi and made more money it seems like a very promising site
3 responses
@jwfarrimond (4473)
16 Aug 10
I have never come across it before, but I'd disregard all the blurb on the landing page. Look at the terms and conditions and if necessary, take legal advice before using the site to invest any large amounts of mony through them. Generally speaking, investing in penny shares is a high risk business. You might make substantial returns, but the risk of loss is high. I note that the blurb on the landing page promises "zero risk investment" but that the terms and conditions deny all liability for losses - this is standard language of course, but it admits that losses can occur which directly contradicts the claims made on the landing page.
@ducja1 (107)
• United States
16 Aug 10
right that makes sence i thats a standerd disclaimer though stating that u may not make money just so someone doesnt sign up do nothing then sue because they didnt make money
@kasman (78)
• Indonesia
16 Aug 10
several month ago i also make investment but until now the amount of money in my balance still same. they earn money with scamming people, never realize their promise.
@ducja1 (107)
• United States
16 Aug 10
what do you mean untill now so you did make money?
@veejay19 (3589)
• India
16 Aug 10
Yes, it is a scam. I had invested 6 dollars in it but i found that it was swallowed up by the owner and there was hardly any trading done just 1 cent in a week.So i just stopped going to that site and deleted it from my account.They want you to invest 1.95 everyday but when you try to do it they say its not enough and you have to invest min 3 dollars. Its not a legit site so i advise you to keep away from it so that you don`t lose any money like i have.