my friend investing in a unregistered stock is asking to loose all your money.there are plenty of stocks on the otc that are registered. please use the link i gave you to start your dd on any stock you invest in.there is a ton of bank to be made in the wild west which they call the pinkies.8k and 10q are my best friends,i know when a officer is buying or selling with 8k{unscheduled material events or corporate changes}10q(quarterly report with a continuing view of a company's financial position)those 2 reports right there are worth more then anything.you know exactly where you stand.the 10k is annual report.also keep in mind those 2 reports alone if reported fraudulently to the S.E.C. would be grounds right now for class action and criminal charges being brought forward.if the company is unregistered you got nothing but air.
In contrast to securities listed on U.S. stock exchanges, securities on the OTCQX, OTCQB and OTC Pink marketplaces may trade without being registered with the SEC.