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Monday, April 01, 2013 4:14:23 PM
"Companies listed on the Pink Sheets are difficult to analyze because it is tough to obtain accurate information about them. The companies on the Pink Sheets are usually penny stocks and are often targets of price manipulation. They should only be purchased with extreme caution."
"...Pink Sheets, LLC is very careful to describe itself as a quotation service and not an actually stock exchange. They do not qualify brokers, and impose no regulatory requirements whatsoever on companies whose stock they quote. All that is required for a stock - virtually any stock - to get its quotations included on the Pink Sheets is contact information for the company and a broker willing to make a market in the stock. It is a canonical example of a caveat emptor marketplace."
SEC filings are voluntary.
http://www.wisegeek.com/what-are-the-pink-sheets.htm
http://www.investopedia.com/ask/answers/201.asp
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