My question is - How accurate is the OTCmarkets.com information on some of these tickers?
I looked into GMZP and found out the following:
The last filing I can find for GMZP is dated May 4, 2006.
As of this filing (December 31, 2005) GMZP had a total Outstanding share count of 901,624,694 common stock.
Yahoo finance also confirms this number.
This is vastly different than the # being reported by OTC markets.com which has the OS at 6.1 billion. I have went through all available GMZP reports and I can't find out where they are getting this number from.
Also, as of December 31, 2005 the company had a total deferred tax asset of approx. $5,667,917 and a net operating loss (NOL) carry forward of $19,479,873 which will expire in 2014 to 2022.
We also noticed a NOL of around $30 million in AVVH. This could be something SSM is looking at when they choose these custodial candidates.
The tape and trades on GMZP also seem like it has a much smaller float/OS count than what is being reported by OTC markets.
So the bottom line is the market cap being reported by OTC markets in GMZP appears to be way over the actual market cap.
Actual market cap (as far as I know) is 901,624,694 x $0.0171 = $15,418,090.
