Yes fynley, I agree with all you've said. I have no misconceptions about any non-reporting pink stock. That's why I sell on the pop and buy on the drop. I have done well with this stock and if it goes to .0001 (or less as did CMKX)I will not be hurt. I've taken profit plus my original investment. I have 500K shares at .0059 and another 500K that was part of 1MM of which, half were sold at .01 plus which recovered my investment and a small profit. I've taken over $10K out of this stock so my overall average in and sale will leave me profitable even at the bottom.
I don't hold any pink unless I have recovered all of my original investment and have half of a purchase in my portfolio. That way, nothing bad can happen.
I also never buy into a pink with a major purchase until I have either researched the company and the PPS performance and then, I ease into it with a couple hundred thousand shares at what I feel is a drawback point.
I also watch my charts and when we get a bump and the MACD crosses and starts down, I'm gone.
Good luck. In the pinks, you need it or you need to learn that very very few of these stocks ever make anyone rich except the guy who's selling the stock (Owner & MMs)