Is CMGR (Clubhouse) a great buy at $0.03?

Yes, I realize that it isn’t the APP (I saw the $0.03 and got really excited thinking it just had an IPO, but found it odd that it’d be so low).

This stock is OTCMKTS, and is apparently also tech/social media related.

It reached 16.24 on February 26,2021 (according to the Google stock chart)and was even higher according to an article (but that seems to be the sole, isolated peak, highest, and only point that it shot up so drastically) which was apparently due to everyone confusing it with the app, and basically shooting it to the moon overnight. But now it’s a mere $0.03?

According to the website, “CLUBHOUSE MEDIA GROUP ™ provides public relations, advertising, brand incubation, Internet-based media distribution, management and consulting services, software development, financing, and studio space, provided to social media influencers and content creators, in promoting products and services.”

Their objective is “To harness the power, reach, and impact of Content Creators & Social Media “Influencers”.  Our objective is to provide the platform for Content Creators to collaborate, create, and excel.”

Apparently even Josh Peck (but not Drake Bell, I wonder why…..) among other large celebrities, have contracts with them.

They also own a platform called HoneyDrip, an OnlyFans competitor.

Being that the stock market is obviously not SOLELY determined by actual company value (two certain stocks that are STILL at price points FAR ABOVE THEIR LEGITIMATE VALUE).

Yes, the SEC doesn’t want me to risk my money in pennystocks. But really, I’m more than ready for low-risk high-reward. Pennystocks are still a better investment than lottery tickets.

I want to be able to hold onto hundreds-thousands of shares that cost me $100 or less now, with potential to make me a lot later.

And with the new unpredictability of the stock market, rockets can take off much sooner than later.

I’m also ready to invest a minimum of $1,000 into Instacart when they finally IPO, more or less, depending on the IPO price (which I’m sure will NOT be in pennystock range). But I see real potential in it, even well past pandemic. I’m curious to see how Reddit stock will perform, supposedly IPO’ng this year too, and Discord.