Pink Sheets stocks are high risk vehicles, why invest in that type of investment unless you're looking for high returns in exchange for risk.
Any company can be picked apart if they're not legit. A few public records searches, such as what I discuss on my board, will give you your answers before you invest.
But most people don't investigate as they're interested in a chart, or a wave of PRs, they are just as culpable as the scammers.
But to say no Pink Sheets or OTC basically suggests that only huge companies should have the opportunity to go public. I disagree. The system should not be stacked against little guys.
On the other hand, if you are defrauded, it's your duty to take action. My wife and I have sued Pink Sheets companies for fraud and some for spamming and received judgments or other positive results. If you lose $1000, take them to small claims court. They will probably make restitution. But people don't, and it's because of their own complacency.
So let's not have big brother decide whether or not we invest in otc stocks.
