People please don't get caught up in the drama of indignation and accusations, just concentrate on the facts.
These nether markets (pink sheets, OTC etc.) don't work like the NYSE. Your broker does not present your order to the market and match it up with another investor. On those markets both participants exchange their assets (shares, cash) directly and the brokers get paid a fee. It doesn't work that way here.
On this market all transactions take place between investors and Market Makers. The MMs both buy and sell shares to and from investors. They are square in the middle of every transaction. Unlike brokers who get a set fee for a transaction, MMs get a percentage of every trade. They buy shares from investors at the 'bid' and sell them to investors at the 'ask'. The difference between those prices is their profit. If they don't make a profit they don't trade. Simple as that.
Given those limitations, think about the facts and consider what is being claimed.
There has been no bid for several months.
Many people here have reported not being able to sell shares. Guess what, when there is no bid you can't sell.
Even when there is a bid, which never lasts long and never exceeds .0001, there are still many who can't sell even though they have been trying for months.
So here we have a situation where many investors have been trying to sell shares for months with and without a bid but can't get rid of their shares for anything, yet certain people claim that they not only sold shares at .0002 but have done so several times and always at the higher value. Not hit or miss, not some at .0001 and some at .0002 but always at .0002.
Think about it rationally. Don't consider who you trust and who you don't, don't think about who you like and who you don't and try to put your own emotions aside. Even though you know who you want to believe, just do the math.
This is the pink sheets, you cannot believe what you want to believe, this is scam central. Remember if it sounds too good to be true it probably is, and you can take this fact to the bank;
Anybody telling you they are consistently selling shares above the bid is telling you a tale. Caveat Emptor
I am not going to be drawn into any personal altercations or accusations, suffice is to say understand the way the pink sheet market works and the history of this stock and make your decisions based on facts and not what other people want you to believe.
