Adamant DRI Processing and Minerals Group (ADMG)

[Potse]

Traderfan...OTC Markets is definitely frustrating now......

Thanks for that stuff. First of all I hope they close the deal since it is mentioned in the filing that it's not yet closed. Second the problem right now really is that nobody out there gives a damn about reverse mergers on the otc anymore. I mean with this share structure ADMG should have hit 15 cents at least after that change of control was written about in the filing, but right now nobody cares about a good setup or any of these catalysts anymore in the otc, hopefully that changes again at some point, it's kinda frustrating. It would certainly be good if they put in more than one company into the shell eventually.

Given how difficult trading/investing in the OTC Markets has become it is certainly understandable why so many people have switched their focus to swinging/flipping small caps on the Nasdaq. Between all of the idiotic policies surrounding OTC stocks (courtesy of the SEC, OTC Markets and brokers), it has basically forced people to move away from this section of the market. Nasdaq stocks have their own sets of problems, but for the most part you can buy/sell what you want when you want and don't have to excessively worry about somebody in the back office waking up in a bad mood and slapping a CE on your stock with virtually no warning. That constant threat of a stock promotion or CE label makes it almost impractical or too risky to establish a large position in an OTC stock anymore (no matter how attractive that stock might be). And that reluctance to take larger positions exacerbates the liquidity issues in the OTC, which makes even more people seek the liquidity that Nasdaq offers. Kind of an endless trend that might not get completely turned around until policy changes are enacted.

It is tough to instill confidence in a market when you have a company like OTC Markets that is basically omnipotent over other publicly-traded companies. It makes absolutely no sense to me that OTC Markets can demand transparency of other companies under the veil of "protecting investors" but at the same time OTC Markets feels no obligation to provide full transparency to retail investors when it is thinking about dishing out stock promotion and CE labels. Those kinds of potentially market influencing actions demand complete transparency and should not be cloaked in secrecy. That entire policy needs to be scrapped or drastically overhauled.

It just seems so utterly ridiculous/silly that every company and every retail investor has to be on pins and needles every single trading day because you never know if some completely third-party stock promotion appears out of the wild blue, and the company basically has to beg and plead with OTC Markets not to punish the stock even though the company may have had absolutely nothing to do with the promotion.

Regarding ADMG: I feel reasonably confident that this change in control will get completed. But in the event that it does not, I remain encouraged by the fact that Larry Eastland was prepared to sell his entire control block. That is something I very much wanted to see here because it would be a significantly favorable move for the legacy retail shareholders. That bodes well for any future RM transaction. With a legacy position under 5M shares, the legacy share valuation would be extremely attractive/undervalued right now. Beautiful upside potential when you compare it to some other valuations we have seen in other shell/RM situations during this rough market.