The question is why does the SEC today allow such a market for these type acitivities?, I could better understand a senior losing its status and the need stay listed during bankruptcy proceedings, "somewhat?", but for the use of backdoor mergers to come public like these BB's, and pinksheets, and others, is issuing a license to steal.
The most popular are S-8's for the BB's, 504's for the pinks, and the sell of unregistered securities...........
This is the blueprint that Madoff used with a few modifications, afterall who knew the Nasdaq better than he?. Its enough to deal with senior companies if a person chooses to invest with them, as we have seen, the over the counter market was used for back alley dealings that that had, and still has literally no oversight, but regulators, and hedgies, and the investment banks knew all to well where this alley was at, and what building, and its backdoor, guess all they needed was a password. These card games were always going on, and what was at stake was the US and global markets. If they won it would be the public at large who lost, depending on what side of the table they were playing?, some played both, both winning sides, heads they win, tails the American public would lose. The Bookies would hold the markers till the house of cards tumbled, then everyone would make money, so it was a night out, and for many a place to hang their hats. Kinda like a Speakeasy that insured fun with very little to no risk to the players, everyone would eventually get rewarded, members, and non members alike. Then the unmarked delivery trucks would
arrived from the Treasury to unload the billions it borrowed or had printed to cover all bets.
No doubt similar activities are stilling occurring.
AI
