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Pumping penny stocks on CNBC

The New York Post's Roddy Boyd reports on Hear at Last, a tiny penny stock company that's taking out ads on CNBC -- and promoting its stock in those ads.

See for yourself: Someone was kind enough to upload the commercial onto YouTube.

According to Boyd, "Pink-sheet companies ConnectAJet and Hear At Last have seen their stock prices jump after their commercials ran, despite having threadbare operating histories....An ad purchase on CNBC can cost a pink-sheet company as little as $20,000 but offers an audience of thousands of well-heeled investors and traders."

Continue reading Pumping penny stocks on CNBC

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DJIA+44.2910,291.26
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S&P 500+5.501,098.51

Last updated: November 12, 2009: 01:59 AM

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