Is There a Scam in Penny Stocks?

With penny stocks, it's either A or B or either a scam or you're not. Scams are meant to be spiked and manipulated higher so that someone behind the scenes is manipulating the stock. So by looking at the SEC filings and just seeing who owns how many shares and at what price,. And then you combine that with the knowledge if there’s like a mailer out there or if, you know, 50 people are tweeting the ticker like new Ebola play, why are they hyping it up? "I'm always looking for the hottest penny stocks in the world"