It's truly amazing to me how many company managements and stock promoters lie. Currently, I am involved in a couple of situations in which out right lies and misrepresentations have been made all in an effort to pump essentially worthless stocks. This type of behavior is not only found in the toxic waste dump known as the "pink sheets", but also reaches into the ranks of NYSE listed companies. No regulation can prevent stock promoters from lying or managements from making false and misleading claims. However, the penalty for such transgressions should be harsh including jail time.