In reviewing the matter, the document submitted to Pink Sheets does not constitute a filing of any sort. It appears that the company subscribed to Pink Sheets news service and is simply submitting its rants by way of the place for disclosure documents.
The so-called filing appears to be one of the most unprofessional and sloppy documents I have ever seen.
People need to keep in mind that this particular company is listed on Pink Sheets as "unsolicited quotes" only. This means that a disclosure document has not properly been submitted to a market maker and no 211 filing exists for them.
Moreover, by suggesting that negative opinions about the company somehow hurts the investors is patently absurd. Any company is welcome to provide factual information to counter any perceived rumor or incorrect information. In reviewing the documents they submitted, it appears that this simply has not been done.
I know that if I controlled a public company, or if I was I.R., I would do my duty to release factual information. I certainly would not attempt to intimidate people.
However, if my job was to help nominees sell shares that I provided them at an extremely low price so that they could flood the market with said shares, I probably would try to hype some controversy to draw some attention and get a little more volume for the stock.
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