A good read on the Pinksheet market.
(courtesy of 1manband and reposted here without his permission. lol)
Management of non-reporting Pink Sheet companies deserve ZERO breaks. Any company that wants the marketplace and investors to take them seriously shouldn't be on the Pink Sheets in the first place, since the vast majority of pink sheet trades companies really are garbage and in most experienced investors minds an pink sheet traded company is automatically guilty by association. However, even if we give some companies the benefit of the doubt and say that maybe there is a "real" company traded somewhere on the pink sheets, the management of that company should be even more transparent than the "big boards" in order to counteract the prevailing opinion. However, they are not.
In this day and age, there is no legitimate reason for any public company to be non-reporting to the SEC. It doesn't cost much for a small company to report - I guarantee they pay their transfer agents many times more in annual fees to handle their billions of shares and new share issuances than they would ever pay in reporting costs. And I know they pay PR firms and pumpers many times more money to "promote" their stock than it would cost to be fully reporting. No, they choose to be non-reporting for a reason, and that reason is darkness. They want to be able to conduct business in secret and deceive and fool "investors". Many use this darkness to pump their shares with phony PR's while issuing millions (or billions) of shares, none of which they report to anyone publicly. Then, when none of their PR's ever come true, they just move on and do it again. And again. And again. In pinkie land, it isn't making a "mistake". Its a pattern of deceptive business, which is all too common with these pink sheet players. As long as they can find a new crop of gullible "investors" to buy their promotions, they will continue to do it over and over again. You should pay close attention to the history of each and every person involved with a Pink Sheet stock, as their history is a very good indicator of current and future actions.
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
