Monday, November 07, 2022 8:47:59 PM
...depriving both existing and prospective holders of its registered stock of the ability to make informed investment decisions based on current and reliable information."
Though the seriousness of this phrase is understood, I can honestly say that in all my years of playing OTC companies, I have yet to meet someone who actually used company filings as a basis to 'invest' in OTC stocks.
And considering probably 90% of companies that pass through the OTC are either scams or shells with no real business, having this and other such language to describe such 'businesses' is almost laughable.
But then its curious that while revocation is the standard penalty in these cases its also the 'norm' that 99.9% of said companies have no reason for not filing, are practically defunct, and just roll over and accept the penalty.
Though the seriousness of this phrase is understood, I can honestly say that in all my years of playing OTC companies, I have yet to meet someone who actually used company filings as a basis to 'invest' in OTC stocks.
And considering probably 90% of companies that pass through the OTC are either scams or shells with no real business, having this and other such language to describe such 'businesses' is almost laughable.
But then its curious that while revocation is the standard penalty in these cases its also the 'norm' that 99.9% of said companies have no reason for not filing, are practically defunct, and just roll over and accept the penalty.
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 04/14/2026 08:45:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/14/2026 09:46:30 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/28/2025 10:01:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2025 09:01:51 PM

