Friday, June 10, 2022 1:04:20 PM
_____________
Pink Sheets Stocks
Caveat Emptor
Investors should also be aware of four additional cautions.
First, most OTC stocks do not meet the minimum requirements for most exchanges and do not file with the SEC.4? Therefore, credible and reliable fundamental data are not available for analysis.
Second, historically, Pink Sheets stocks are penny stocks and are often near-insolvent companies.
Third, some stocks are illegitimate shell companies set up to scam investors by issuing press releases and having “analysts” promote the stock and issue more worthless shares.1? 2?
Fourth, pink sheets only have one requirement for a company to list: A company needs to have one market maker quoting its stock. The listing companies do not have to provide any financial information at all.5? 2?
One common scam involving OTC investors is the pump and dump scheme where promoters buy penny stocks, promote and push up the prices for other investors and then dump their stocks while the late investors are stuck with worthless stock they overpaid to own.1? These stocks are often promoted in spam emails or on message boards and blogs.
Recent WOLV News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:41:22 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 08/29/2024 01:52:09 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 01/19/2024 06:57:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 11:05:47 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/23/2023 08:29:08 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 10/16/2023 03:47:59 PM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM