Friday, April 17, 2009 7:33:30 AM
some are transparent and or reporting to pinksheets.com
pinksheets.com has several categories for pinks. there are plenty of pinks that are transparent.
guard dog is listed 2 steps away from caveat emptor, the worst rating. there are 8 steps in this rating system, guard dog lands in the number six spot, again, two steps away from the worst. anyone who doesnt believe that can go to pinksheets and look themselves.
i looked on pinksheets. the classification given to guard dog is: dark/defunct, with a stop! pinksheets, no information.
the information under this rating is as follows:
"Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky".
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