The wild side of penny stocks

THE lights seem to have switched back on at the penny stock arcade on the local bourse.

Interest in the shares of the battered trio - Asiasons Capital, Blumont Group and LionGold Corp - and other penny stock cohorts which crashed to lows from their heady highs reached before last October's crash is being rekindled.

But hefty financial losses, profit warnings, buyouts hanging on a limb and boards rattled by a raft of resignations are hardly investor magnets.