The Millionaire Who Built a Penny Stock Fortune at 27
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- Опубліковано 10 тра 2024
- March 12 -- Investor Josh Sason turned penny stock investments into a multi-million dollar fortune and is now working on building an entertainment empire. Bloomberg’s Zeke Faux reports on “In The Loop.” (Corrects name.)
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wow. besides for the 200 million dollars, he was completely self made from scratch!
lmao
i thought it is describing how he has invested 200mil over the course of his investing life
Invested 200 million dollars. Man he was poor
He built that up from little money idiot
A Team Productions he started with 2 mil, and 2 mil is a huge amount of money, idiot :))))
A Team Productions your fired
Duy Pham thats making 100 times your money dumbass i wanna see you make a 100 times your money, you think its so easy to make that kind of money
Duy Pham it's sarcasm little bitch
He had 2 million to start with. Where did that come from?
maybe he got a loan.
leepakim taking a 2 million loan to invest in penny stocks... nice risk management there lol
+Mike Ross hahaha
he had to take it in the ass
idiots can blow their 2 billions of dollars super fast , so making 200 mil from 2 mil is not easy as idiots think.
Where did get get the money to land if he was living with mommy and daddy. Crappie story many details are missing.
It's not a ''weird trick'' It's called convertible debt. Almost all penny stocks companies do it.
It's terrible for the investor. Huge dilution.
Great interview, are you guys going to interview Josh Sason?
Death spiral financing.
Old trick.
Collecting investors and companies cash by bankrupting companies.
She definitely doesn’t understand sh*t.
Zekey boy! With the spirit of a true spokesman
Securitized based loans - Very risky but profitable.
Penny stocks are different approach or a waiting game from cents to 10x targets , Just bought and wait not one stock different types
Penny stocks are grossly underrated. They make more people money at an unspeakably faster and realistic rate than the lottery could ever do.
Well this gotta be some scam talking about having 200m
this dude forces and tricks desparate companies into giving him shares at steep discounts, in other words he'll make a profit no matter what the market price of the stock is! Because of him the shareholders of companies are practically decimated.
With a greek shipping company called NewLeads he gave a loan to them and than paid NewLeads lenders for the right to collect NewLead's old debts, He than sued to collect which allowed him to file a settlement that allows him to receive loads of cheap shares.
He's a vulture looking for weak desparate companies and will do anything to get those shares
true true
capitalism is as efficient humans can get
Honestly Jake, you make an amazing point. I had a feeling he had to have been playing good cop bad cop because it doesn't seem right for him to casually gain all this money no matter what. Everyone knows if the stock goes down so does your money but his doesnt in glad i read your message because it was clear what he did. The only problem is. Thats sadly how business works. Its a shame especially with him randomly starting a movie. If i had that money forget movies start franchises hes still young and he has time to learn about franchises and owning businesses. He can start a generation but i guess him spending his money is more important haha.
the thing is there are plenty of other groups and individuals who are doing this and they get no media coverage what so ever
It isn't illegal & is part of the game. He didn't give them a loan, he payed off a portion of their lenders & bought some of the company's debts & sued them. It didn't go bankrupt but it did ruin its stock, "ruin" is an understatement tbh.. From $4000 per share to 20 billionths of a penny in 6 months, that's a massacre! That's why you got to be on your toes when it comes to the stock market, it can get vicious, its all about knowing your risks & if you're in debt, you're chances of getting fck'd are high.
He must have had that NZT. I gotta get me some..
how do i give companies loans in return for stock?
@@MrSupernova111
Please explain // I m interested
First of all an army of aggressive lawyers. He can't set the interest rates as he wishes. If he does that he won't be able to sue them back.
Start up's are vulnerable. They are desperate for capital. The secret is to go slow at least at the start or face the possibility of loosing huge shares or face huge debts. He understands that. So he presents himself as dolphins to these start up's. Let the interest do the tricks. When he knows the companies are not in position to pay back the loans without causing big looses. They make a private deal. This is a grey area. You can call it blackmailing or a wise investor. Depends on your personality and you exposer to the world of financing.
Well done Josh Sason and good luck in all your endeavors. Sure would like to learn (preferably from you) how you got started and how was your journey.
i stoped when they said he investied 200million 😂 like duh of course he will make a lote of money even 1% return will get him a lot 🙄
We have such a negitive stigma of penny stocks that most people wont get into them. This is unfortunate as there really is a ton of money to be made, if you work for it. Day Traders, swing traders, short traders... they are all needed in this market to help the companies grow. Without us, the stocks are uselss and dont help the company at all.
But with penny stocks, as the guy said, you can buy into a .001 per share stock and if it goes to .002... and there are buyers for the amount you wish to sell... you make double your investment. So for instance, you can put only 1000$ into a penny stock and make 1-3K profit, sometimes only in a matter of a few min if you are lucky.
The downside is that you can lose a lot of money too, because if you predict wrong or maybe some bad PR comes out about that company, you can lose all of your money too... or worse, lose more than you put in. Its just why you play it safe and do a lot of research into the trade, in example, reading charts and understanding why the market moves.
Plenty of people have done this and made early retirement in their 20s... Like Tim Sykes for example. Its obviously not for everyone, some people would rather work a 9-5 and earn 1.5 million over their lifetime, because its simple and very low risk. Others are risk takers and try for the stars. Most fail, a lot succeed in making a living out of it, a few reach the stars.
But you cant go into it thinking its a get rich quick scheme, you have to be smart, you have to play it safe... Thats where most people go wrong and 80% of beginning traders fail and swear it off. Put in 1000$, lose 500 in 5 min, then they are done and never look back.
***** no thanks. I already know how I'm going to make my first mill trading, and if you are posting this crap, you have no real clue about how to make a mill for yourself.
+Obeyance DeKat
Do you trading?
Plz email
so are you a millionaire?
Alexisanuneducatedafricanamerican
yeah, my wife and dad got mad at me when i lost all my cash. They suggested i cut out when i was 300% ahead, but the stock i was watching had nothing but good news... Then they announced a 1:1000 RS and everyone bailed in one day. Went from 3500$ profit, to -75% lol. Oh well, such is the nature. The best players only win about 65% of the time. Im not done, i just dont have the capital to play again.
But yeah, my wife and father were fairly upset that i lost. But my wife understands. It was Category C money, no huge loss. Sorry yours left, but now you can buy a new one... or 5 XD
How is it going now?
Lol I was in a band living in Long Island NY, when am I going to make $1,000,000???????
Sometime penny stock becomes rocket and if buy different types from different sectors ...
I learned something!
Imagine being called Zeke Faux
Lol legend!
Plot twist... This guy doesn't exist. He's a fictional character.
Her: what happens if the company goes bankrupt and can’t repay the loan?
Him: oh he doesn’t need the money back. He just converts to shares which are worthless 0.000001 penny.
....and then they create a pump & dump and sell those worthless shares to stupid retail investors who become bag holders. Hahaha. And they’re making a movie of this shizz. And best of all, it’s all legal Beyatch 😂😂😂
Might as well interview people who won the lottery. Same. Film production? Now that is a fast way to go broke.
USRM
This was an amazing story. How can a person earn this much from penny stock. Is this a reality???
alfred john penny stocks are very volatility you can make a lot of money when you buy them low and sell them high. But if you don't know what you are doing you will lose all your money 💰
He looks 37
Leverage bruh
Fax
convertable stocks using a margin account using a deep discount broker
Was this a 3am infomercial?
I dont believe this entire story he must of knew people and starting with a million.
Oh! 200$ million
Yes with 200 million dollars anyone would be self made.
200 million??
He is my dad
I'm interested in the attractive Asian host's name. Any help?
A small loan of 2 million dollars
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small loan of 200 million from daddy
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Look at mves The Movie Studio
...This one legal way to make millions LOL....He buys millions of their shares in the form of a loan...Then pumps the stock to high hell and sells off all of his shares.. Resulting in thousands of other investors losing money...
Pump and dump
+Anthony Phillips I dont think you understand how all this works mate, read a couple o books and get back to me
+Tyson007ian toxic financing 101. hilarious..
Anthony Phillips lol, this is a smart trick, you know nothing about the stock market, he isn't pumping the price, he gets his loan paid back in the form of shares from the company at a steep discount, meaning no matter how low or high the stock goes, because of the discount the company always makes money, of course you wont understand any of this, because you dont seem to be aware of the first thing about stock markets.
🚩Tk Seye
Exactly. Pump and dump IS the main strategy of penny stocks. It isn't even really a secret unless you're extra gullible. Penny Stocks are pure gambling BUT the majority of investors have No patience or desire to learn so They treat it like a lottery ticket . The ones who do research and use strategy can make mint by following the market makers (the ones with so much money in the game that their investments drag huge sections of the market where they want it to go).
Want proof it isn't all smoke and mirrors? True Religion jeans, BJ's Restaurants, Quality Systems, Monster Energy Drink, and Xerox all started as penny stocks. Why? Because that was the only way they could raise capital. They took a chance. Don't hate the player or the game. Do your research. 🔍
I'm not a bright person but this story makes no sense
Wonder boy?
My ass
So he already had money. Not newsworthy.
"This one weird trick"Propaganda to lure suckers in
🤣🤣🤣🤣🤣
Invested massively into trading with the help of Mrs Terriese White an expert trader i met in Australia who handles my trades and its been very productive.
This guy has weird eyes
A friend of mine he is also an expert trader. He suggested me ANDY LANK METHOD.
This is complete bullshit hahaha. This isn't a trick, it's just basic financing, except it is extremely risky.
+0ng0n People dont want to understand or learn how to do it. In any case, people just say "pump and dump" "scammer" and "cheater". People dont want to take the time to do research or anything.
What's this "trick" called? Is there is term I can type in google/youtube to learn more about it.
Thanks
It's called convertible debt financing.
Good looking out.
It makes me sick how everyone seems to glorify "The Wolf of Wall Street" characters. The behavior in that movie was terrible.