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agua77

09/28/23 5:58 PM

#62008 RE: agua77 #62007

And because you’ve asked in a genuine fashion I’ll share an article which has some valuable information. It may be dated but the information is still worth noting…..this is also referencing Nasdaq and NYSE so you can imagine the scams within the OTC.

https://bush.tamu.edu/wp-content/uploads/2020/05/V11-5_Chinese_Reverse_Merger_-Fraud_Takeaway.pdf

“ By pursuing a reverse merger, private com- panies bypass the regulatory labyrinth asso- ciated with an initial public offering (IPO). Therefore, they tend to be more cost- efficient and less time-consuming, taking anywhere from a few weeks to four months in some cases to complete.”

Remember when the company withdrew the application for a ticker symbol change? It was taking too long and they wanted to push forward in a timely fashion? The financials clearly show no assets. I also highly doubt a billion dollar company reversed merged into an OTC shell vs a Nasdaq alternative.

This thing reeks of shit in my opinion.
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txtrades

09/28/23 6:42 PM

#62009 RE: agua77 #62007

My common sense tells me I invested money into an OTC which I take as a gamble. I don’t sit around and cry over spilled milk.