Replies to post #82286 on Good Vibrations Shoes Inc (GVSI)

[samsamsamiam]

As for safe harbor statements:
https://www.law.cornell.edu/uscode/text/15/78u-5


(b) Exclusions
Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement—
…
(C) issues penny stock;

[reaper247]

Pffttt majorprofits, Let me be clear.

The claim was made that safe harbor statements don't apply to OTC stocks.

The reason for that opinion was then partially quoted, without including an important part of the quote that was linked to.

I was just making the observation that the full quote was not shown in the post.

I believe the source of that opinion is not very smart.

There are plenty of international stocks that trade on the OTC like Adidas and Volkswagen.

Do international companies like that, who trade on the OTC not protected by safe harbor statements in the same way as Big Board competitors like Nike and Ford?

LOL, IMO and FWIW.

[reaper247]

I doubt anyone can respond to posts on this topic tonight because they will have to google and research, so I will pose this question.

Fannie May FNMA is an OTC penny stock like GVSI.

Do safe harbor statements not apply to them?

If not. how come?

Its a dumb argument to have.

LOL, IMO and FWIW.