Kind of...95% or more are absolute garbage, straight up scams. There are quite a few legitimate foreign companies that list on the OTC market for many reasons, a few being a much lower expense and reporting requirements. But, the vast, vast majority are simply forward looking story tellers and paper printers knowing full well it's not an exchange, but a swim at your own risk, no lifeguard on duty market pool.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.