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Sunday, November 17, 2013 5:02:23 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94145100
Someone wanting to sell shares may have compensated OTCMagic to announce bogus revenue figures. No one should rely on the PR issued by OTCMagic via Accesswire, a cheap Canadian PR service that doesn't require people issuing PRs about a company to prove they are authorized by the company to do so.
Accesswire is also a stock promoter under the name of Baystreet.
http://www.baystreet.ca/corporateservices.aspx
http://www.baystreet.ca/newsletter_signup.aspx
http://www.baystreet.ca/quotedata/quotes.aspx
The bogus OTCMagic disclaimer is self-contradictory. I have never seen them disclose specific compensation even though they are clearly paid to promote stocks.
Compensation:
In order to be in full compliance with the Securities Act of 1933, Section 17(b), OTCMagic.com and its management fully disclose that they receive fees from profiled companies or agents representing the profiled companies. These fees will be paid in cash and will be completely disclosed in each profile. We do not accept securities as payment nor do we buy, sell or trade in any securities mentioned on this website.
Since OTCMagic.com receives compensation there is an inherent conflict of interest in the statements and opinions, and such statements and opinions are not independent.
Please note: we are not compensated for the articles on companies located on Homepage or Marketwatch sections. When we are compensated we will alert subscribers via email and fully disclose any compensation in the disclaimer of the email.
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