Posted On: 05/18/2015 8:13:29 PM
Post# of 9144
OTC markets is not a regulatory organization-many traders think they are imo. They are a for profit public co that saw a way to earn money by creating the otcmarkets.com site and charging co's big money for reporting co's info on said site- 4200 from pinks/year for news and disclosure service and a 1 year old new surcharge of 10000 for being on otcqb-to simplify. And OTCQX was begun in 2009-2010
open and transparent refers,inter alia, to their push to get all co's to upgrade to as high a classification as possible-the higher the classification the more fees for profit otc earns -so there is a profit motive also
a high level politician decided business was evil -saw the sympathetic tv documentary myself- and decided business had to be stopped- so when he gained higher office in 2009 -frustrated he couldnt touch big business due to their political etc clout -he reportedly ordered agencies to go after these pennies-and the agencies in turn reportedly greenlighted dtc otc mm's and brokers and others to attack these pennies w impunity- thus the thousands of pennies restricted by brokers and dtc etc without warning or due process since 2009.
in comparison to the pre-1999 wild west days things certainly are open and transparent but they have also done things without warning or due process which have destroyed a lot of innocent co's due imo to the political greenlighting they received- a lot of things which actually hurt longs.
So I dont know whether the twice monthly short report is a part of that or whether they are just ignorant of the failings and manipulations of the twice monthly report- but i dont work for them nor have any pull w them though i have talked to them before.
open and transparent refers,inter alia, to their push to get all co's to upgrade to as high a classification as possible-the higher the classification the more fees for profit otc earns -so there is a profit motive also
a high level politician decided business was evil -saw the sympathetic tv documentary myself- and decided business had to be stopped- so when he gained higher office in 2009 -frustrated he couldnt touch big business due to their political etc clout -he reportedly ordered agencies to go after these pennies-and the agencies in turn reportedly greenlighted dtc otc mm's and brokers and others to attack these pennies w impunity- thus the thousands of pennies restricted by brokers and dtc etc without warning or due process since 2009.
in comparison to the pre-1999 wild west days things certainly are open and transparent but they have also done things without warning or due process which have destroyed a lot of innocent co's due imo to the political greenlighting they received- a lot of things which actually hurt longs.
So I dont know whether the twice monthly short report is a part of that or whether they are just ignorant of the failings and manipulations of the twice monthly report- but i dont work for them nor have any pull w them though i have talked to them before.
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