I'd say maybe one out of 500 OTC stocks at best is anything resembling profitable. Old shells like CHME, where the debt is probably invalid due to the statute of limitations expiring, are among the only OTC stocks with potential of a good company coming in and adding value. It's not the norm, but it does happen. But ironically enough, the rare profitable reverse merger companies in the OTCs are often scrutinized for their fundamentals (i.e. "they only made $50,000 in profits this quarter" - BZW* is a good example of this) while train wreck companies with endless millions in convertible debt get higher valuations due to hype/pumps and nothing more. It's all a cesspool, but I do find that clean shells are appealing exactly because they have the chance to start anew with that rare good company that might reverse merge into the shell... Just my opinion...
H
Nothing I say is a buy/sell/hold recommendation or financial advice. My posts are opinion only. Always review SEC and OTC Markets filings yourself for balance sheet, income vs. expenses, and especially toxic debt.
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