There hasn't been anything of interest in the OTC scam reefer sector. Just a lot of PRs from the Canadian tickers.
I don't read all the PRs. Gracious, by the end of the trading session OTC Markets puts over a thousand. That company must be raking it in.
Last year there was a lot of discussion about a scam water purification company. I found another one which OTC Markets touted this morning as being raised a notch to its "venture market" status.
Water Now Inc. (OTCQB: WTNW) Water Now Inc., headquartered in Fort Worth, Texas, has developed a water purification technology that they believe cost-effectively produces potable water from fresh or salt water sources. The Companys flameless-heating process distills water without the need for filters, membranes, or chemicals, eliminating maintenance costs as well as downtime caused by clogged membranes and filters. The Companys mission is to create solutions that make clean, affordable water available anywhere on the planet and to help end the spread of disease through contaminated water sources.
The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.
