Amber/All: The SEC places buyer beware warnings on their website warning against most OTC stocks that are not registered with the SEC (eg., PDXP), and even against some stocks that are registered with the SEC (eg., CHIT) but abuse the crystal clear rules/laws in place for all SEC Registered companies/stocks.
The SEC is adamant in protecting the integrity of the Markets and despite Congress allowing the OTC Markets to exist comprising 1,000's of stocks that are not registered with the SEC the SEC will rout out the stocks that flagrantly contravene the tenets of good and truthful business practices, known as Securities violations and fraud.
When the SEC does suspend a stock like PDXP there is incontrovertible evidence that the company committed Securities violations so there is nothing any CEO can do to get shareholders "out of this mess". Of course, the public seldom knows the specific, elaborated reasons for the SEC Suspension until (or unless) the SEC litigates against the company and perpetrators, but the stock remains interminably on the Grey Market.
News 
Market Data 
Discover 
