Jun. 7 at 2:46 PM
$RITE Rite, often referred to or associated with NMCX in online investment discussions, is widely flagged as a scam and a worthless penny stock con.If you are encountering this on trading boards or social media, here is what you need to know:The Entity: "Rite" trades as a penny stock under the ticker RITE. Online investors and analysts often link it to NMCX, another highly illiquid and obscure over-the-counter (OTC) equity.The Scam: Both tickers are frequently associated with "pump-and-dump" schemes. Fraudsters manipulate the low share prices to generate hype, encouraging buyers to invest, which ultimately leaves everyday investors holding worthless, untradeable shares.General Warnings: Fraudulent groups also frequently use these obscure tickers to cold-call or email people with high-pressure, "get-rich-quick" investment opportunities.
🖕🏼Michael D. Sheppard of Brentwood, TN!!!