A Pink Sheet Company is regulated by state and federal securities laws, but since the over the counter market is not an “exchange” (for example, the American Stock Exchange (AMEX) and the New York Stock Exchange (NYSE)) they are not subject to separate exchange regulations. Requirements regarding the number of board members, whether such board members are independent, annual shareholder meetings, proxy notices etc. originate from state law and federal securities laws for companies listed on an exchange and are not required by NASDAQ, FINRA or the Securities Exchange Commission (SEC) for companies trading on the over the counter market. Pink Sheets are subject to fewer regulations and are governed by fewer regulatory bodies than entities which are subject to the reporting requirements of the Exchange Act and/or trade on an Exchange.
I agree with your point on PINKS reporting if they want to but due to the the lack of exchange Regs. they don’t have to report very much or PR very much and shareholders certainly don’t have a "right" to such information legally. It’s the nature of the beast.
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