I was just being facetious, all ya need to know is stay away from them, seniors are more than enough to deal with. I've given thought to how things could possibly look if there were no public traded companies, or why we even need a market for that matter for trading?, our economy might be in a much better state, healthier, and maybe just maybe most of our mfg jobs just might still be here. The avg american could possibly save more if it weren't for getting taxed again and again on money that been taxed once.
To answer your question though.......
A 504 filing has to go thru the SEC, but there is literally no oversight, its what Ceo's or "so called Ceo's" download and file over the internet, and use it to raise money for a publicly registered trading symbol for the OTC market, and with it is suppose to be a business, or company, more often than not there is nothing but a model, these are called Pinksheet companies that trade in the Over The Counter Market. A better name would be Cheatsheet, and some call them Stinksheets, or stinky pinkies...........because the stats show that 99.99999999 or rather 100% are operated by cons who are looking to get rich off investors money, and many many do. Its a racket for the unsavory. All Crooks.
First they need 2 things working for them, accreditors, and the retail investors. Accreditors won't bite if there are no public interest, the money has to be coming in through the retailer or there's no marketcap, and no movenment on its price due to lack of volume..........every trendy thing brewing in the market is what they use for their business profile, for example, if its oil, gas, silver, water, everything and anything depending on whatever is happening in the market that promises returns,,,,even snake oil if it works.
AI
