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First, your post was very informative. But yes, I have to take issue with the way in which you characterize the Pink Sheets in terms of implying that it is almost as "respecitable as the OTC-BB, especially since the Pink Sheets will be electronically trading soon, and that there are advantages for companies to be on the Pinks, mainly, not having to pay an accountant to file financials. First, I'm very sorry they are going to electronically post Pink Sheets. Being on the Pink Sheets is not just another level, it is the Pits, it is the place where companies that just don't have the goods wind up. Q: would you advise any relative of yours to invest in a Pink Sheet company? I wouldn't. The requirements for being an OTC-BB are soo minimal, and all they ask is for a little honest, open, reporting to shareholders. A pink sheet company may not be a scam, but it may as well be. Please tell us what advantage to Investors there is for a company NOT to report. |
