For my own personal interest, I like to skim through the SEC 8-K filings. Sometimes you come across some pretty revealing submissions.
Where penny stocks are concerned, the media often overlook these entirely. I doubt there are more than a handful of people in the world who have seen what you are about to see:

I’m not suggesting there is a trading opportunity here. Not only have the price of these shares already been on a steady decline towards 0 for many months now, but stocks in small companies can be difficult or impossible to short. However, this is a great illustrative example of how reading SEC filings can turn up some interesting – and eventually profitable – ideas.