Completely disagree with your statement and safe assumption. Forget about the analysts, There is no institutional investor base for pink sheet companies as they can not invest in these markets. Take a look at who covers pink sheet companies which trade on OTCs. Other than sponsored research, you would not see anything in 99.9% of time. There might have been a few small hedge funds who might have dipped their toe in the past just for momentum when there was news but with this much illiquidity you would not see any of those investors in here even. Therefore, your assumption is not close to being safe even.
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