You're probably right. What a shame that the SEC allows this kind of abuse to happen, so frequently, in the penny stock venue. It's as though it was deliberately created to be a haven for scammers. Makes a person wonder who these CEO's really are that they're allowed to scam so many with such little review or reprimand, by the supposed oversight agencies. Its almost as though the OTC is in place to legally launder money. Why else would scams be so prevalent and the OTC turn a blind eye more often than not? Seems the only time the SEC steps in is when some retail scammers get caught. Then its news in the financial pages how the SEC and FBI caught some bad guys. How many of these scammers CEOs ever have to return all their ill gotten gains?
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