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Re: Devolution post# 3360

Monday, 04/18/2022 10:03:04 AM

Monday, April 18, 2022 10:03:04 AM

Post# of 5321
you posted..."Someone once posted here that "the OTC market does not wait for revenue reports". "Let's hope there is some truth in that."

Of course there is truth in that. If it were not the case the OTC would not exist. That is why companies like this and others, trade on the OTC.

An OTC listing can provide a steady salary for officers of the company without achieving anything but made to appear they are working. I knew of a company that traded on the OTC selling shares for decades, providing income for a select group, but did not own any vehicle that would allow for revenues to be earned. This company existed for 31 years burning through several hundred million dollars without earning one dollar. Another touted a Cannabis company based in Ontario, Canada that netted the president $28 million dollars selling shares leaving investors on the hook when the shares fell from .25 to 0.00001 today. That is what the OTC does-since it is not an exchange and is not recognized as such, the risk is the quotation market.

So yes, bring on the hype ahead of revenue reports-all you need to do is find a compelling story, analyze it to death and go over the nuances with a fine tooth comb and create a buying environment, allowing others to sell and then walk away. That is the OTC. Wishing for a jack in share price ahead of revenues. AXIM does trade on the OTC.
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