Aren't there a lot of regional banks and other legit companies also listed on the bulletin board? ... perfectly normal enterprises who make honest efforts and report regularly and even make money some years .. ?? ... dunno, i heard this years ago when the non-reporting bulletin board scams were getting pumped on SI in its early days ... not a world with which i'm familiar, but i do have long-term experience with an exchange that got a dismal reputation, the VSE ... it deserved in the 80s and early 90s its title of 'scam capital of the world', lemme tell ya, yet there were at the same time a great many honest efforts listed there ... many of which were quite risky, since business is inherently full of risk on all sides, especially the mineral exploration biz ... however many were not scams, most were not imho
The outright scams sort of migrated to the US bulletin board when the VSE tightened up in the early 90s, then likely when the BB made its listed companies report the sleazeballs showed up on the pinks ... this was the case for three or four i've followed for amusement's sake
Anyway, i wonder if you might be tarring with an overly wide brush here? ... nine out of ten going bankrupt, that just doesn't sound right, don't a lot of those regional banks get taken over by bigger outfits eventually? ... not that i know, don't follow any ... but it just seems like in a capitalist system there has to be a place for venture capital to be allocated ... up to us to do so intelligently of course .... i enjoy your posts btw, obviously you study up on specific companies, and the never-hysterical style sets a fine example for the young imho
One thing that bugs me is the way people here refer to the bulletin board as 'the OTC' ... well that is what we used to call Nasdaq in the olden days ... check any old 1960s newspaper ... if it's traded in the US outside of the NYSE and Amex, it's traded over-the-counter in a dealer market yes, but it's deceptive to use OTC for OTC-BB imho, if a person wants to shorten the acronym then just 'BB' would be more honest, because 'OTC' alone means 'Nasdaq' ..... there were bits of discussion on this in the fall, i was lurking some, but i see people still using 'OTC' incorrectly .... aaaargh -g- ... cheers
AI
