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Re: butiger post# 18764

Monday, 01/13/2014 12:52:25 PM

Monday, January 13, 2014 12:52:25 PM

Post# of 68548
Good post. I agree on your comments on the OTC/Pink market, and glad others see that as well. It is one of those things that beg for the statement, "it is, what it is". I believe that it can't be so overly regulated that it excludes the true pioneers from the market by way of creating over burdening bureaucracy. Yet, there are obviously holes in the process that allow for abuse. I wish they'd crack down on the toxic debtors, making it so that they can't profit as much as they do from failing businesses. The way they stand today, they make an inordinate amount of money in even the most questionable cases, with convertibles at a 40% discount to market price and no /little restrictions on converting timing or trading converted shares.

I sometimes look at the macro penny market at a micro level, having had a few honest and hard-working friends with some so-so ideas who were looking for start-up money. Who am I to say their idea isn't a money maker? I thought Crocs were a terrible shoe, that most of us would be driving pure EVs by now, and that reality TV would die years ago after the Survivor and Osborne series... (I saw we now sell shows on "Parking Wars" and the thrilling world of towing cars: "South Beach Tow". smile GLTA - HB

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