Michigan man loses $348k on gold mine penny stock

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May 15, 2007
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According to the newspaper ..Toby Shempwell invested his fathers hard earned money on a stock tip. The stock, Goldsprig, is a goldmining company that struck it big in recent drillings..or so we thought....The stock plunged over 78% over the last two days and Shempwell has lost virtually all his investment...When the father,Henry found out he just shrugged it off......." It took me a lifetime to save this money....and my son lost it in two days." When asked for a comment all Shempwell could say was...." if this one fails I have another stock I am considering investing in"....
 

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Dec 8, 2007
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Don't invest in penny stocks, very volatile and lots of "pumping & dumping."

:smoker2:
 

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