Nets Owner Denies Link to Supatcha Resources

Rumors are circulating around a little-known penny stock gold exploration company, Supatcha Resources, that a bid will be made for it by OXM Group.

OXN Group, according to the rumor is supposedly controlled by Russian billionaire, and New Jersey Nets owner,- Mikhail Prokhorov.

Prokhorov actually controls Onexim Group. Oxeim Group issued a statement to NyPo that stated:

Onexim Group President Mikhail Prokhorov categorically denies any involvement with Supatcha Resources Inc. A press release by that company indicating that Mr. Prokhorov is involved in an unsolicited bid to purchase shares is completely false.

Bottom line: Never buy into any investment situations you don't completely understand. From top to bottom, especially these days, Wall Street is about being very smart, or your money will be taken from you.