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Monday, April 18, 2022 10:03:04 AM
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.
Recent AXIM News
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 05/22/2024 08:53:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:24:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 04:59:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:29:50 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/21/2023 03:07:21 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 08/31/2023 08:10:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 05:35:50 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:11:37 PM
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM