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Re: Axle-and-Hub post# 14103

Sunday, 05/01/2022 11:05:08 AM

Sunday, May 01, 2022 11:05:08 AM

Post# of 14876
Good morning Axle & Readers...

Some very odd notions in your post.

OTC Markets is the SEC registered ATS on which virtually all US OTC securities trading occurs.

OTC Markets is the qualifying entity that sets and enforces the various reporting standards required for market listing. OTC companies are required to file disclosures with OTC Markets to even be traded on the ATS.

In fact, OTC Markets is the ultimate and definitive original source for data related to OTC traded stocks.

Now, at the risk of doxxing myself a little bit, I'll tell you that data aggregation, appendation, hygiene, warehousing, etc. for ultimate use in publication, decisioning and marketing is an area where I have well over 10,000 hours of experience. So let me enlighten you with a little expert industry insider information...

When you are running a data aggregation service such as Bloomberg, Marketwatch, etc. and you are presenting it to the public as fact, and/or charging customers to license that data - as these organizations do - it is YOUR responsibility to ensure that your data product is accurate and up-to-date. Entire teams within these organizations are dedicated to doing exactly that. To charge money for bad data is an ugly business.

So why are these groups NOT using OTC Markets data as their ultimate source of info on OTC data?

Either 1) they're really bad at their job and their product is actually garbage

OR 2) the users of their product are not investing in OTC tickers & thus they do not HAVE to keep accurate OTC data.

I don't think Bloomberg is bad at their job, and so logically the answer is #2.

Most serious OTC investors do not use Bloomberg, WSJ, etc... to do primary due diligence & research on OTC stocks.

As for the "news source" you reference in the other post... I just can't take seriously any pieces published on a PAID WORDPRESS BLOG using a free theme (LOL!) https://wordpress.org/themes/wp-fanzone/.



I especially would not take serious a "news source" that is so out of touch that they would not use OTC Markets (the definitive original source for data related to OTC traded stocks) in one of their "hard hitting" top news pieces.

So... with all of that investor education aside, the summary is:

1) OTCMarkets is the ultimate source
2) Bloomberg, WSJ, etc. do not cater to OTC investors
3) Top News Guide is definitely not a top news guide & no one should care what they publish. Suggesting they have even minimal reach & influence is intellectually dishonest at best.