InvestorsHub Logo
icon url

RobC

07/30/09 8:45 PM

#63544 RE: wolveryne9 #63521

Someday I hope Syndication will achieve a "higher" level of transparency...

Currently? the answer is Nope!

According to Wikipedia: "Effective August 1, 2007, all Pink Sheets traded companies that are not able or willing to meet the standards of OTCQX will be placed in one of the following disclosure categories: Current Information, Limited Information or No Information. This categorization system was designed to increase the amount of information available in all Pink Sheets traded companies. However, these disclosure categories do not signify issuer quality or merit of any security. Categorization is based on the level and timeliness of a company's disclosure and any category can include speculative, distressed, or questionable companies. Investors are encouraged to use caution when considering these companies for investment."

Syndication, Inc falls into the classification of "No Information" as defined below...

No Information - "Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, a stock exchange or Pink Sheets.

Companies in this category do not make Current Information available via Pink Sheets 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 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."

Makes one wonder about a timeline huh..?? Do the DD, follow the crumbs and good luck in your trading! :)