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Re: docyaker post# 190828

Thursday, 10/30/2014 2:19:47 PM

Thursday, October 30, 2014 2:19:47 PM

Post# of 263682
OTCMarkets is not a regulator. They are a for-profit PR company. The designations, including "current" are meaningless. Invented by OTCMarkets to sell more subscriptions to their reporting services. Just for show and used by most companies to sell stock.

Since their clients are the very companies they rank with the invented "tiers" and reporting designations, including current, it is in their best interest to assign the current designation as quickly as possible and whenever possible, no matter how obviously fraudulent and incomplete the "financial statements" are that have been uploaded to OTCMarkets. Since they are not a regulator, they have absolutely no authority to review anything uploaded to their reporting service by their client companies. Which means a company can upload virtually anything to meet the current requirements.

OTCQB isn't uplisting - becoming a fully reporting company is far more important than any OTCM designation.

IG

It's easier to fool people than to convince them that they have been fooled