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In what sense is Angie's List either a penny stock or a scam? How are investors being duped? I'm just curious because I've seen a few ads for Angie's List and
by vosper 10y ago
In what sense is Angie's List either a penny stock or a scam? How are investors being duped?
I'm just curious because I've seen a few ads for Angie's List and they have a $500m market cap.
- dforrestwilson 10y agoThe new management team could be better than the old, but the former CEO set up some favorable leases between ANGI and an office building which he and some board members owned. There were a few other egregious things, but this was the worst. I guess I wouldn't call ANGI an outright scam, but it's certainly shady.
- vosper 10y agoAhh, thanks. So it sounds like it's probably not in the same class as the pump-and-dump "XYZ Corp is about to blow huge!" penny stock shams that are out there.