I know you are right. The OTC WSTI website has a "WARNING" with explicit statements on SEC violations. I have gone into that document so your statements are quite grounded.
The trouble is that large numbers of shares are being traded and posted which seems to make them legitimate. My speculative remarks in that post come from things I see done frequently in another of these "stinky pinkies", which is:
So there must be these exemptions (in which I don't have much knowledge) that are used as "ass coverings". Since trades are "actually" happening, the question is "how"? Maybe they are violations of the SEC act, I don't know. But if not, what are they?
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