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Entrepreneurs, Be Careful to Avoid Penny Stock Scams

The Startup Magazine

Sometimes a privately owned company will merge with a public company so it can be publicly traded without the expense or hassle of going through the traditional methods to begin trading on the stock market. In the mid-1190s, the founder of Bre-X was David Walsh. Mr. Walsh falsely claimed that Bre-X found a gold mine in Burma.

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