Creative Edge Nutrition Inc (FITX)

[Tiresias]

It is difficult to move against pink sheet companies. For starters there are no disclosure requirements, no insider trading reporting required. In short the pink sheets are set up to rob the unsuspecting. I cannot believe they allow this type trading to continue where the odds are stacked clearly against the investor. Had the company been required to report to the Ontario Securities Commission, December 2013 would have seen a cease trade order put into place and that would have been that. In Canada you have to have audited financial statements annually, quarterly interim financials, and if Bill had said we are going to list on the Nasdaq or NYSE they would have shut him down then and there. Here the SEC allows this type of pickpocket activity. They go after so many pink sheet operators that had those same companies been required to report audited financials and other disclosure, they would have shut down. I say let them raise money in the private market with no trading allowed. Once they go into business they can begin trading with audited financials. That way the SEC can go after some of the bigger scams. No one got charged after the financial market melt down but they go after pink sheet guys all the time. If they cut back that by requiring disclosure they could go after some big time fish.