"Penny Bond" Promoters

“If you thought VIX 30 was scary, wait until Bonds trade at 30c on the dollar” - Le Shrub

I was already concerned that Market Participants weren’t listening to what Trump & Bessent were telling them (“You are not listening!”).

But this week, Trump turned the Volume up to 11. They are definitely listening now!

If what he’s saying is actually what he will do, then we are heading into a Global Recession, and that’s not good for anybody.

Anyway…this is a Parody publication so lets not get there, just yet.

Instead, lets discuss Penny Stock Promoters. Way more fun!

I met quite a few Penny Stock Promoters, be they in Mining, SPACs or Biotech. Same sh*t, different industry. The Mining promoters were the obvious ones to figure out, because they didn’t have PhDs like the Biotech promoters. The pitch was always along the same lines:

“We have the best Rare Earth Deposit in the World, the Minerals in the ground are worth $1 trillion, it’s in <insert name of African Country you never heard of>, we need to raise $100m to secure it and then we will sell it to the Chinese for $10bn”.

We witnessed similar dynamics with the SPACs that popped up in 2020 (The fact that Scamath keeps getting so much attention is proof that the Market Monkeys really don’t deserve to have nice things).

My favorite Penny Stock Promoter has to be Masaponzi Son. His Unicorn slides are a Work of Art, worthy of being recorded forever in the annals of financial history, right next to the WeWork IPO Prospectus:

Why do I bring up Penny Stock Promoters after such a rough week?