The Real DTCC Discussion

[sludgehound]

P&D by EPAZ, reminder of risks, story

http://www.pumpsanddumps.com/2014/10/motive-for-delinquent-filings-becomes.html

Motive for Delinquent Filings Becomes Clear As EPAZ Nukes Its Shareholder Base

No example can better illustrate the need for stricter regulation than the recent shenanigans undertaken by Epazz, Inc. (EPAZ and EPAZD). Only on the OTCmarkets can one commit such a blatant act of fraud without repercussions. Even in the wildest of the wild west days of the Vancouver Stock Exchange there is no way one could have pulled off the stunt that these shysters have just pulled.

The red flags were out and waving briskly. As an SEC registered reporting company, EPAZ is required to file financials every quarter as Forms 10-Q and 10-K. The company hadn't filed a timely financial since May 2010. It seems that whenever the overdue financials were finally filed, lottery balls were used to generate the numbers as most were the subject of subsequent amendments, some issued almost a year later. The consistently delinquent filings earned the ticker a STOP Sign from OTCmarkets signifying a "No Information" status. Only recently was EPAZ able to regain its "Current Information" designation.