It has some useful info, but doesn't tell you any strategy info. Yes everyone knows the risks and about pump and dump, but we want actual steps, not "to buy stocks find a broker.". Gee really? That's a great " proven step". To take it further, the book actually says to just use your own strategy. Thanks for the help! Here's an actual quote, "There is no single trading strategy that is guaranteed to work like magic and make you tons of money by trading penny stocks. Instead, you have to formulate your own trading strategy based on your gut instincts and on professional help and advice."
So the books advice? Use gut instincts to trade penny stocks. There's no way for that to fail right? Foolproof!