NQB Pink Sheets "Pink Sheet", often referred to as "pinks", shell companies are listed by the National Quotation Bureau (NQB). Neither the NASD nor the SEC require Pink Sheet companies to maintain current reporting status nor undertake costly annual audits. Pink Sheet shell companies also come in various forms and packages, including some that are currently trading and others that are non-trading.
== not to put too fine a point on it jerry but care to guess what the cost of the shell was?
as for the sec .. the more the merrier .. another exph long his broker and myself have been regular *filers* re: complaints against the short and distort undertaken against expo holding after *2* orchestrated runs .. the follow up call this week from the sec came directly from my last *complaint* with finra's whistle blower group a few months' back .. which btw i did post about in this venue contemporaneously <their interest is more MM oriented vs the sec's interest of who and how done> and let's be clear complaints filed are specific to both MMs' as well as those who short & distort post orchestrated runs
i've kept meticulous records for 2 years for one very good reason
what happened to expo holdings was by no means UNIQUE to EXPH
and as i've stated to the SEC since sept 2009 .. i refuse to let one more legit co. on the OTC <expo> be DESTROYED FOR PROFIT
btw .. if one were truly interested one could read the 2nd post in this venue from june 2007
NOTE:
Owner Holdings
JD Brown, Chairman, CEO 100 million
Glenn Harrs, President 100 million
Karl Malone (The Mailman) 100 million
Nolan Ross, former shell owner 10-15 million
Let's look at the share structure,
503m outstanding
Float 73 million
*reminder* 2 years later in the summer of 2009 between orchestrated runs .. the SS ~ 0S of 980M ~ AS 1B float given via JD via CC in 7/2009 was *100* MILLION ~
avg shares wash traded to keep volume *up* and *interest* maintained in exph in the summer of 2009 = 40M ~
====
today based on who holds what <known> float = 1 BILLION ~ OS/AS 3.3B
avg shares traded today .. when non wash traded 4M to 5M when wash traded avgs not surprisingly *go up* but of course it's smoke and mirrors .. the co. has clearly indicated when their AS has increased and the TA clearly shows when certs are issued .. BS games are endemic on the poorly watched OTC .. but i can guarantee .. that exph isn't as poorly watched as other co.s on the OTC are