Here you go Crybaby. I posted this a few month ago right after it was published.
Hats off to Janice Shell who found this fascinating paper buried deep in the SEC's website. The research must have taken a ton of time to put together. Too bad most readers will be academics and stock pros, not newbies.
"Has everyone read this new SEC white-paper on "Outcomes of Investing in OTC Stocks?" The numbers are grim for "Players" as most of us have known.
"The median investor tends to hold OTC stocks for only 16 calendar days. OTC investor trades generate a median holding period return of -13.4%, which annualizes to -60.3%."
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