Yuka Group Inc. (YUKA)

[jbsliverer]

They do "report" to OTC Pink Sheets, but those "financial statements" (and I use the term very loosely) are far from complete and not exactly accurate. They claim they are prepared under US GAAP, but clearly are not even close. They also including the claim they ARE an SEC filer, which is clearly false but likely is because it strongly appears they cut and pasted the notes from some other company's filings.

Understandably why they are NOT considered a fully reporting company. Again the pink sheets have no requirement for any accuracy and only print out what the company wants them too. Too bad the company doesn't even want to "report" a valid address.

The bottom tier of the OTC market, OTC Pink is a speculative trading marketplace that helps broker dealers get the best prices for investors. OTC Pink has no financial standards or reporting requirements, but companies in this tier choose the level of information they provide to investors and may have current, limited or no public disclosure.

http://www.otcmarkets.com/otc-pink/home

The Pink Sheets is a centralized quotation service that collects and publishes market maker quotes for OTC securities in real-time. Pink Sheets is neither an SEC Registered Stock Exchange nor a Broker-Dealer.

http://www.goingpublicinformation.com/Stock_Markets_and_Investor_Relations.htm

Thats how they can get away with such dubious activity and sell shares out of thin air.
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