You'll get no argument on any of those points. There's certainly a lot of scamming low-life scum infesting the OTC waters, hoping to take money from the gullible and naive. That's what attracted Heffernan. If the SEC would simply put a few rules in place and enforce them, they could weed out crap like BZTG.
But let's be clear. The problem doesn't lie in the chinks of the OTC market where people do have to be aware there are certain risks involved in the companies that trade there. The problem lies in allowing scammers like Heffernan to operate with impunity.
Trying to make it seem like one takes the same risks with BZTG as with most other OTC companies couldn't be further from the truth.
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