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Sunday, January 04, 2015 4:04:51 PM
The fact is, an OTCQB fully reporting shell, with control of 95% of the O/S being transferred to the buyer, costs less than the debt Manzo took on when he acquired the "chilled" FOGC Pink Sheets shell. So why did he buy the FOGC shell? There's only one reason someone pays big money for a bankrupt Pink Sheets shell, that can't be used to raise money: -there are no reporting and disclosure requirements, which is crucial for pumping and dumping. Insider trading reports and audited financials are not required on the Pink Sheets, like they are on the QB.
On the OTCQB, shareholders know the facts. On the Pinks, you only know the "good news" that supports the company's fictional business plan.
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