No. of Recommendations: 2
The late 1970’s and early 80’s saw the rise and fall of the Denver OTC “penny stock” scene. A nasty fad, people threw together a company, a few experienced professionals, a bit of a plan, and issued stock at $0.10 a share. A bit of positive news could easily bump stock to 30 or 40 cents. Getting in on a new issue was key, with brokers doling them out to their favorite customers.
Eventually the music stopped, the tide went out etc. Few legitimate companies emerged from the party. We sure saw a number of companies come and go.
