Timgz, there is only ONE rule that if changed would eliminate all this dilution fraud and reduce the OTC ticker listings by 5000 companies.
Eliminate the debt conversion 3a10 rule that can only be done by congress.
If you do away with the debt rule ALL dilution will be eliminated and all pump and dump companies would not have the ability to issue shares to debt investors. 15c211 was a JOKE! And was more to cause non paying OTC stop sign pump and dumps to pay the fees in order to continue to pump and dump.
The OTC, Brokers, Market Makers and congress are all in on it. The SEC is regulated by congress so this is not the SEC's fault.
The problem is congress is in on all this BS and they will never change the rules that make them billions at your expense.
Don't you ever wonder how a politician elected to congress on a $175,000 annual salary leaves office with a net worth of over $20,000,000? Pelosi is up to $250,000,000 and AOC is over $10,000,000. The higher UP the chain the more you make.
John McCain was at the TOP of the pile. Google this "John McCains houses" he even said in an interview he does not know how many he owns. All from inside trading.
Every congress member has a 3rd party associate (family member) that has a financial company that does the buying and selling so that the congress members have clean hands.
One other problem is, if this rule was eliminated, at least $450 billion annually will be lost to the schemes that runs these debt dilution dumps. That is just too much to take away from schemes and congress. You think they would care but they don't..
FACT: SGMD did sell 200,000,000 for $.18 ($36m) then possibly another 300,000,000 oversold knowing the dilution was planned, that's another $54,000,000 and then the debt dump of 7 billion shares on average $.01 is another $70,000,000.
Total so far, the debt investors took in maybe $150,000,000 and only paid Jimmy about $3,000,000 if that.
Now you take that figure and apply that to all the other schemes you lost money in over the years that did the same and times that by at least 3000 OCT tickers that do this each year that all reemerge again as a new ticker and scheme and you have easily $450 billion annually lost to OTC investors.
If each OTC investor invests annually in 10 of these companies on the lotto risk and lose, and 50,000,000 people do this each year comes to a per OTC investment of only $900 per investment.
Some invest $100 some $2000 but it averages out to losses totaling almost half a TRILLION each year ($450 billion)
The proof is. All the pump and dump schemes when they fold you would see the OTC lose 3000 tickers out of 12,000 listed but that number never decreases because when the schemes fold they reverse into a new ticker and the process starts over again. That is why as these schemes come and go, dump and fold, the listed OTC tickers never decreases.
It is also why you see constant ticker changes. When one well runs dry they start a new one and suck in the same investors every day, week, month and year.
That company RNVAD changed tickers 6 times already.
One other problem is OTC investors want lots of shares cheap hoping for a windfall that never comes. If you take away the 3a10 debt conversion rule there will not be anymore $.0001 shares to buy. You would have to spend $1000 to make $10,000 and that return is much less than a pump and dump saying invest $100 and make $1,000,000.
How is making $10,000 on a $1000 investment bad when loosing $100 good? its the lotto play and why no one will STOP DOING IT.
