'RottenPerson'? NO! >>Corrections! Pinksheets aren't OBLIGATED to file, but in doing so, plays into the "honor system" and/or their "proving grounds" which are the prerequisites of graduating "FROM" the pinksheets to Up-listing!
Most pinks, not necessarily ECIG, typically plays on the language within the "Safe Harbor Act" to get away with devious practices that can be conveniently swept under that "Legal Carpet" which often results in their own gains at the cost of who ever invests monies into their piggybank(s)!
This is why there are millions of pinksheet companies all throughout the stock market that only an infinitesimal few has ever amount to anything worth parting monies into!
Investor's "unnecessary" losses are reportedly in the billions! (Resulting in unnecessarily high numbers of tax-loss write-off in staggering amounts shoved in the face of the IRS)
Oh, and by the way, they were all, um, cleared by the SEC and other associated entities! (so much for their, um, credibility!) (Evidentially)
However, ECIG does get its props for "Filing", though obviously not necessary to sell shares!
But unless they're "Up-Listed" on the Bulletin Boards, their "Filing with the SEC" is seen BY THE SEC. as just another entry level position. (Pun intended)
And if they were to falter, they would not be held to the same scrutiny as would an "Up-Listed" stock/company on the Bulletin Board!
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