Simclar Inc (SIMC)

[janice shell]

a merger would make sense considering someone had to pay the fee for the transfer agent to have everything updated...

Probably not. It looks as if Continental just checked whatever records it has for the stocks on its list, and simply plugged those numbers in, as if they were current. For example, check out this Grey Market beauty:

https://www.otcmarkets.com/stock/ABLE/profile

Even worse than SIMC, but its share structure is supposedly up to date. The same is true for all of the OTC issuers on Continental's list:

https://www.otcmarkets.com/research/service-provider/Continental-Stock-Transfer-&-Trust-Company?id=2378&b=n&filterOn=6

It represents a few Nasdaq companies; it doesn't "verify" their numbers. But I think it's clear that this information is meaningless.