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Re: 1manband post# 65427

Wednesday, 04/23/2014 2:19:53 AM

Wednesday, April 23, 2014 2:19:53 AM

Post# of 221944

I absolutely agree. There is absolutely no legitimate reason that publicly traded companies should be unregistered and non-SEC reporting. Those Pink Sheet non-reporters provide zero benefit to the economy, as they use the "voluntary filings" to deceive the public and enrich themselves by selling them worthless stock.

It is a deadweight drag on the economy and the public at large.


In regards to the new OTCQB minimum bid rule. Apparently the SEC never learns. They're only making the situation with OTC penny stock scams worse than it already is. Many of the scammers will start their company off with an illusion that it is a legit OTCBB penny stock. Then milk that out for everything it's worth. Scamming the shareholders out of millions of dollars. Then allow their stock to be delisted to pink sheets and continue the scam from there. Why is the SEC incapable of cleaning this mess up once and for all?

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