Pink sheet stocks are THE place to be suspicious. PDGT is a pink sheet stock and Pinksheets.com gives it the "Stop" symbol which according to Pinksheets.com means this, "Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink OTC Markets. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies and/or companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."
Now, PDGT has said that they intend to release a balance sheet and income statement. If they do so by EOY as they intend to then IMO this should bode well for the company and maybe eventually Pinksheets.com will upgrade their rating of PDGT.
That would be a good question to ask PDGT, "How does PDGT intend to upgrade their rating on Pinksheets.com?"
DanBB, anyone attacking you for asking reasonable questions about a pink sheet company that you've taken interest in is IMO, suspect themself. Keep up the efforts in DD. Granted, with most companies it's not required because of all the financial info available. However, if there should be any place it's okay to ask questions, it should be here.
Let's all try to be level headed and fair in our approach. I'm ready for a rocket ship to take my shares to the moon but let it be based on merit of the company... not some circus.
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