Stock Markets Exposed

How can I find out if the company I invested in is nothing more but penny stock scam?

True North Energy (TNEN) so far i lost 90% of my investment. as of now they have 1 employee in that company. what should I do?

Public Comments

1. Chalk it up to experience. There are no guarantees in the stock market.
2. I don't know how you found out about this company, but never invest in any of those stock tips that come thru emails. They are those "wall street warriors" that play the downside to the stock once you and a bunch of others have socked money in it. They do a short sale on it and take your money when it starts going down. I seen that moron on wall street warriors try to talk some fund investor into giving him money so they could get their scam off the ground. Be careful out there, These guys will stab their own mothers for 10 cents.
3. Penny stocks have high risk. Losing 90% is part of the risk that you undertook when you invested in the stock. The stock is listed so I would guess it's real. What should you do? Sell it and take the loss... possible tax write off. Keep it and hope it bounces back. What you do is up to you.
4. whether they are a scam or not once a stock goes below $1 (nevertheless 1 penny) it means that the company is in real direstrait. The company will have a hard time recapitalizing itself. In your case 1 penny stock with 1 employee means the company is belly up. I would declare it on my taxe return as worthless stock so that you can at least pocket in the tax loss. You don't have to sale the stock if you declare it worthless, it's up to you to keep it or sale it. Check the worthless tax rule though....But it is worth less.
5. Look it up on Yahoo Finance. Best thing to do: Hold onto the stock. They are looking for oil in Alaska. If they find oil, you make money. If you sell, you lose everything.
6. Well, since your original investment is almost entirely gone, I'd ride it out and hope for a bounce...