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TheShadow

05/13/16 6:16 PM

#35522 RE: winters1983 #35521

Yes, but there are different tiers within the OTC and if IMSC didn't care about their status quo within the OTC, then they could do the minimum filing.
However, I don't think their pre-TSA customer base would have taken an OTC Pink reporting company serious.
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KnightlyCruiser

05/13/16 6:16 PM

#35523 RE: winters1983 #35521

Done . My financial planner sees this in my portfolio he shakes his head with a frown. These OTC stocks are fun yet they come with oversized risks. I got onboard with FRPT they up listed and off she went. If I remember correctly we hit $27. It was not long and SEC was looking at it. The CEO was pumping the stock. I got out moved to NAVB up listed then hit $5 +\~ that is where I landed on this one. Manipulated all of them and it is because the reporting is pretty loose with very little oversight from regulators. It would be a humble opinion that all SEC investigators are moving on someday many to companies that they have been charged with having oversight of. Hardly any enforcement certainly nothing of note. The protest lodged when we got TSA approval is a prime example. When the protest was resolved it was noted how frivolous the protest was. We the shareholders watched her drop from 1.80 too a final bottom a couple of months ago in the upper .20s. The company acquired a butt load of its current debt that is strangelling the companies ability to turn a profit. We lost value iMSC today needs to restructure its debt. Most of it all due to a competitor filing a piece of paper. No penalty for the frivolous protest added-weight on a company that is American, hiring Americans, and apparently making a sector product that is totally disruptive and superior. I have never sold a damned share it is disgusting what is allowed to transpire on the OTC exchange outright crooks- still I am long feel like many here that we should be a lot higher as to price per share. Whatever Buffaloes idea about the lottery ticket was darned funny. Who knows jackchit I don't. Long I sure would enjoy the share price firming up. The rest of it has been hashed out pretty throughly. Have an excellent weekend looking forward to the CC hope it is bland I will buy some more on a dip.