Sigh, well at least we are half-way to enlightenment. Maybe the bulb will glow brighter. One can only hope.
Real companies have a solid business plan, they present their plan to investors who see the possible. They build a business by working hard and creating a product that generates revenue. They take very little in the way of compensation, knowing that they are building something with every penny they reinvest. Eventually, when there is value, they go public, and not through some toxic, pinky shell.
Scam companies have no business plan, they buy a shell, they have a story to sell. Most legitimate business people and investors can spot a "story" a mile away and steer clear. But, here in the OTC there are the toxic folks who will buy the story if the terms are good enough. Management gets big money up front, hence the giant salary with zero revenue. Their whole job is to keep the story fresh and put out a fluff pr now and then, it doesn't need to be well written, spelling and grammar aren't important. They sell all the shares, collect the money up front and find loyal longs to do the rest. The proof, look at the boards of legitimate companies, there are not hundreds of posts a day there speaking about "news next week", "millionaire maker here" and then there's the name calling and the shocking private messages. Yes, it's the OTC but it's not investing any more than WGAS is a legitimate business. I hope it hasn't been too expensive for anyone here.
