I think you should read the difference between the OTCQX, OTCQB, and OTCPS (PinkSheets).
Did you know Volkswagon trades on OTCQX?
OTCQB must file with the SEC.
This isn't just a PinkSheet that doesn't have to file!! It absolutely means something. If anyone sold here without filing the company and the shareholders would be in deep crap with the SEC/authorities.
I don't think Javan King (who hasn't broken a single law BTW selling Preferred in other companies) would want to go to jail.