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Sunday, January 01, 2017 5:26:49 PM
"You can not trade as a PUBLIC COMPANY without reporting. Really now. That is the difference between being PUBLIC and PRIVATE. Feel free to post where it says a PUBLIC TRADING COMPANY DOES NOT HAVE TO REPORT!!!!!!!"
Welcome to the world of the OTC Pink... where a gagged transfer agent guarantees that you never know the real values of the O/S or the float until the CEO wants to let you know.
At least Colorado is a state that makes a corporation's Articles of Incorporation public. Therefore, we always know the A/S. In some states, we don't even know that.
"The Pink Open Market offers trading in a wide spectrum of securities through any broker. With no minimum financial standards, this market includes foreign companies that limit their disclosure, penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide adequate information to investors. As Pink requires the least in terms of company disclosure, investors are strongly advised to proceed with caution and thoroughly research companies before making any investment decisions."
At this point, you probably ought to reconsider carefully if that 20 grand is something you can afford to lose. Maybe you can, and maybe you cannot... but you ought to at least know the rules of the game when you make that decision. The rules are pretty simple: the corporate management does not have to tell you anything they don't want you to know.
As I said, welcome to the land of the Pinks...
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