The wild side of penny stocks
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Anita Gabriel
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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.
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