For BMSN investors you do realize what being listed on the pink sheets mean right? It means less disclosure! Meaning they don't have to list everything they do. The stock trades on the pinks sheets for good reason. I'm not trying to deter anyone from their goal of making money just be cautious. These stocks trade on the pink sheets because they don't have to disclose any part of their business they don't want to. They decide what gets shown to public.
Buyer Beware!
Investors should be aware of four cautions. First, most OTC stocks do not meet the minimum requirements for most exchanges and do not file with the SEC. Therefore, credible and reliable fundamental data are not available for analysis. Second, historically Pink Sheets stocks are penny stocks and are often near-insolvent companies. Third, some stocks are illegitimate shell companies set up to scam investors by issuing press releases, and having “analysts” promote the stock and issue more worthless shares. Fourth, Pink Sheets only has one requirement for a company to list - a company needs to have one market maker quoting its stock. The listing companies do not have to provide any financial information at all.
