Covering the penny stock beat
Brendan M. Case and Michael Grabell of the Dallas Morning News take a look Tuesday at Dallas-based Market News First, whichÂ provides broadcast coverage to the bizarre and often volatile penny stock world.
Case and Grabell wrote, “MN1’s 33-year-old founder and top executive, self-made millionaire Joshua Lankford, was recently barred from the securities industry. His companies have also been major shareholders in several of the stocks the site has spotlighted over the years. Some featured stocks have been tied to his friends and business partners.
“In one instance, a stock rated a ‘strong buy’ on MN1 was the focus of a lawsuit in which investors accused Mr. Lankford of manipulating the share price.
“Mr. Lankford’s attorney, Spencer Barasch, said MN1 strives to be as transparent as possible.
“‘MN1 goes to every effort to disclose any potential conflict of interest or any interest that any employee in MN1 might have in any company that’s featured on MN1,’ he said.”
Read more here. It’s a strong story.Â