Penny, Rogue: CHVMC08 is our China microcap index comprised of 61 stocks ..... at the beginning of the year, 38 of those traded on the OTCBB. Currently none have moved to the pinksheets, all are in compliance with SEC filing deadlines, and 2 (SUTR and CSY) have upgraded from the OTCBB to the Nasdaq or AMEX. That's pretty good record, imho !
There have been scams this year in China microcaps outside of our index, notably GUPR and AGMB, both relegated to the pinks, but there were warning signs for both these that would have permitted investors to limit their losses.