Second – Penny stock firms that use such analysts reports – An informal Audit, plus revealing untrue hype and statements made about reports that vary greatly from the content of the reports
We will also be auditing results of “research reports” published by penny stock IR firms when they claim to have engaged an “independent third-party.” We are not talking about penny stock IR companies that suggest reports are “independent” and are authored by “third parties.” We are going to compare and contrast the statements they made in press releases with the statements made by their “independent analyst” in the reports. There are some incredibly gross misrepresentations. We are going to present those varying statements to those parties in advance of this report and offer those IR companies (more than one, of course) and the “analysts” (CFA or otherwise) a chance to challenge our interpretation of those statements. We are going to also find out why one firm is issuing report after report and the amount compensated is no where to be found.
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