Identifying Good Penny Stocks
Creditors a good source of information when identifying good penny stocks. They, after all, are owed money by the company.
They must therefore, have extended credit to the penny stock company for the sales of products or services.
By contacting creditors you can find out how much money the company owes and time left to pay it back. Have they ever defaulted, etc?
If the debt is defaulted the creditors will not only call in the loan but will be unlikely to extend credit in the future.
If creditors will extend credit to other companies in the market but not the company you are researching then this would be a red flag to investing in that company.
Dave J
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