Why are billionaires buying these penny stocks?

Why are billionaires buying these penny stocks?

Penny stocks have a bad reputation (and for good reason). They're typically volatile and the companies are usually terrible. So why are a select group of billionaires pouring huge amounts of money into these companies that are trading for LESS than $5? Billionaire Frank Giustra, the man who started Lionsgate Entertainment, just scooped up over 10 MILLION shares of this company – which is trading for less than 20 cents! Then be bought so many shares of this tiny company he became its second largest shareholder. Right now shares are trading at less than $2.50. And he's just getting started! Then there's Eric Sprott, referred to as the "Hidden Billionaire" by The Financial Post. He put over $20 MILLION into a penny stock trading at less than $2... Then another $19 MILLION into a penny stock trading less than $1... And yet another $13 MILLION into a penny stock trading less than $3! Even billionaire Ross Beaty is getting in on the action. Canadian Insider calls him a "Broken slot machine" because his investment track record is so good. He's already bought shares in this company that's trading less than $1... Then he went even further – buying a 20% stake in each of these two companies – each trading for less than $1! Other billionaires are piling into these cheap stocks, too! Frank Holmes, Thomas Kaplan, Carlo Civelli, Rick Rule, Stanley Dempsey. Go here to see why the smartest billionaire investors in the world are buying penny stocks... and which ones they're buying. So what exactly is going on? Well... you see these investors recognize that a rare event that only happens every 15 to 20 years is beginning to form again. An event that allows them to risk small amounts of their capital for outsized returns like the ones we saw the last time this happened... 1,485% between 2003 and 2007 4,709% between 2006 and 2007 3,100% between 2005 and 2007 7,640% between 2003 and 2007 5,900% between 2003 and 2007 43,720% between 2001 and 2007 86,900% between 2003 and 2007 They know that what's about to take place is going to be huge. And there's no reason you can't get a piece of the action as well. Go here to see exactly how.     This is a communication from Wyatt Investment Research. We encourage you to review our full privacy policy. Wyatt Investment Research 65 Railroad Street PO Box 790 Richmond, Vermont 05477