This is 99% pinks biz, and a good 20% were shells. This is par the course. Now, this type of writing does keep people from forgetting that OTC is a casino in some backwater, this is not even VEGAS!. VEGAS is the big regulated markets with all the cool trickery for investors! GLTA STWS!!
Every single line? Recently founded? When did the reverse merger take place? When was the "Private Placement"?
Little or no revenue? No significant revenue?
I found the piece to be instructive, but it appears to apply to OTC penny stock scams, and not mature real companies with actual verifiable businesses and real revenue. who are in transition to new business lines.