The OTC has been blamed for things that they did not do. The company filed an arbitration against them essentially saying they let him merge into a shell that didn't have adequate filings... If you were buying a shell to merge into, it is up to you to do the due diligence to be sure it meets your needs.
If you can "read financials," I challenge you to ferret out the actual cash this money collected for their services and how much of that was owed to the artists.
And, yes, it is very odd over the course of a year to raise the A/S way up only to PR moving it down.
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