DD Support Board and Research Team

[janice shell]

OTCMarkets has been trying to do the "verified by transfer agent" thing for several years now. They've announced it at least twice, but don't seem to be making much headway. Though in theory it's a good idea, very few TAs are likely to cooperate unless somebody forces them to do so.

Who's even paying Continental to do transfers for SIMC? The company no longer exists; it was voluntarily dissolved in Florida in 2013:

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2013%5C0224%5C45025119.tif&documentNumber=518024

It's just a zombie ticker. It hasn't been hijacked, so no new management has taken over. It's just junk.

The real problem here is that the regulators don't pay any attention to public companies' status in their home states. The SEC claims it's aware of the dangers presented by abandoned shells, and for awhile it dealt with them by suspending them in connection with Operation Shell Expel. But that's evidently been put on the back burner in recent years. One of the results is the reemergence of bigtime shell vendors; another is the current craze for "reverse merger plays".