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Re: pinkyringcapital post# 1896

Tuesday, 11/02/2010 4:53:46 PM

Tuesday, November 02, 2010 4:53:46 PM

Post# of 3474
Not sure if this info is correct but....
http://en.wikipedia.org/wiki/Pink_Sheets

The Pink Sheets is not a stock exchange. To be quoted in the Pink Sheets, companies do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of foreign issuers, mostly represented by ADRs, the companies quoted in the Pink Sheets tend to be closely held, extremely small, thinly traded, or bankrupt. Most do not meet the minimum U.S. listing requirements for trading on a stock exchange such as the New York Stock Exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.

So.....we are at the mercy of the company apparently.

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