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The Real Titan

10/01/08 1:12 PM

#62529 RE: TraderRick47 #62527

UDHC = LEGAL EMBEZZLEMENT

NUFF SAID

Jim Bishop

10/04/08 5:31 PM

#62708 RE: TraderRick47 #62527

I really don't understand your attacks on Pink OTC with your "legal embezzlement" bit. The word embezzlement of course is nowhere near appropriate but we get your drift.

Do you think that Pink OTC, a private for profit company, should be giving their services away to Clayton and others for free?

Without Pink OTC quote services you'd be trading certs out of the trunk of your car or in bars etc.

Pink OTC's OTCIQ Basic Service provides a very inexpensive way for companies to at least somewhat legitimize themselves and become more transparent. The basic service has a one time application fee of a whole $500, an annual fee of $1500 for quotations, publication of disclosure statements and financial reports and a $100 fee per news release.

http://www.pinksheets.com/pink/products/issuerservices_agreement.pdf

The alternatives are, doing nothing, as Clayton does now, or registering with the SEC, filing through Edgar, becoming a fully reporting, SOX compliant company and moving to OTC BB quote services which are free for issuers.

If Clayton and UDHC either can't afford or are too cheap to pay Pink OTC, then I guess the hopes of them ever becoming a legit reporting company are pretty slim.