Not ALL otcbb companies are scams
I've never said that nor do I believe it. In general otcbb's are startups, smaller companies and/or companies that have slid off naz and amex. There are also a lot of total and partial scams thrown in there. There are scams in there because otcbb companies have less scrutiny, fewer eyes on them and they're easier to manipulate, just like the article I posted said. When you get some startup, developmental and some dying companies in there, you are going to have a lot of bankruptcies. In general quite a few new companies fail anyway. That's the nature of capitalism. In sales I remember that 20% of the agents did 80% of the biz. The failure rate for new agents was 60% the first year and 80% the second year. That's like a bk rate of 80%. That's just the way it goes. How many companies that started five or ten years ago are still around? Only the real successful ones.
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Just say NO to stock fraud!
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Just say NO to stock fraud!