Joemoney...the fact remains that the Pink Sheets are the venue for trading shares in companies such as those that you describe that have not filed with the SEC. People are hoping to score that diamond in the rough of turning a penny or sub penny stock into a winner. What's the harm in that? if the company has a good business plan & has run into unforseen difficulties or suffered setbacks that is what happens to the trading venue for those companies re not filing with the SEC. This is the real world we are dealing in & not all goes according to plan & setbacks these days are the norm. Yes it is difficult to obtain info on these companies but there are alternate sources of DD, such as calling the company, speaking to suppliers, checking out management's bona fides, doing credit checks etc. Companies such as these are a gamble & should not be played with money that you cannot afford to lose. For those that have done their DD & in their opinion have decided that this represents a good shot...all the power to them. No one is saying this is GM...all that is being stated is that some feel that this company COULD represent a good gamble. I say go for it. Do you want a sure thing? How about the blue chips like ENRON, GLOBAL CROSSING, WCOME, blah blah blah. It all boils down to credibility IMHO & you either have the confidence in management or you should not be invested in these companies.
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