Thursday, February 09, 2012 10:34:33 AM
The OTC is of little use to any legitimate company. It is no longer a vehicle for raising funds for expansion. That is what has changed in the last year, not the business plan of CCP.
Penson refuses to properly clear penny stocks, most brokers won't take penny stock certs any more, so how can a company sell stock on the market to raise funds?
Honestly, I think the days of the OTC are numbered. There is so much counterfeit stock in play ( and in this case much of it is probably pre-SHO short positions that were grandfathered in ) that the market can't operate in an orderly fashion.
If a stock can't be priced by supply and demand, what is the point in promoting an effective business plan to the public?
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM
PickleJar Launches National "Get on the Bus" Campaign, Unveils Thompson Square Tour Bus Wrap • PKLE • Sep 4, 2024 7:17 AM