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Monday, August 31, 2020 4:55:36 AM
https://www.otcmarkets.com/corporate-services/fee-schedule
Many small companies dont meet the minimum requirements to be reporting companies but OTC MARKETS uses the dreaded stop sign/warning signs on companies that dont shell out $1000s every yr to keep the otc market warning signs away. What does the warning signs really mean? The company isn't doing any dilution. The companies on the otc that are diluting the crap out of their shareholders are the ones striding to reach higher tier levels. Just read the pr it's exactly what their doing. There going to dump hundreds of millions of shares into the float and they talk about 2.5 billion like it's a good thing. They even have the audacity to thank everyone for helping pay for all dilution cause it's for a good cause. Same ole otcmarkets scamming the companies and the company scamming the clueless investors. Read here gem paid only $7 mil for 600mil shares .01 per share they turn around sell them for .50. Mega for them if they keep the price in a tight range with more promise of the glorious future news. If price doesn't go up or down much newbie buyers will hold thinking their going to be rich all the while more and more shares are dumped into the float. Gems is the only ones getting rich. Uplist from pink to otc high tier oooh big news! HUGE HUGE NEWS LOL
Then they dangle the uplist carrot
Relief intends to seek a future presence on a regulated exchange such as the NASDAQ or NYSE MKT."
This is the single most powerful drug to use on the newbie investor. It literally gets them worked into a feeding frenzy buying as many shares as they can with their hard earned money o. The dream of becoming a million aire when this baby goes to the promised land of the Nasdaq. The AS is 4 billion OS is 2.5 bil and float last reported 1.6 bil. They will dump shares into the float keep increasing the OS till it hangs the as then dump all the rest of shares into the float rs this to death then issue new share further diluting the long and stupid. That's how the uplist nightmare really works
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