(Total Views: 191)
Posted On: 11/13/2019 1:05:54 PM
Post# of 36568
Hey guys,
Let me tell you that the SEC does not like this kind of stock promotion. HALO labs, which is a company in the cannabis industry and fairly new on the OTC (they started trading not quite a year ago) gave out press releases to announce record revenue numbers in the 4 consecutive months after they started trading on the OTC. This went on until the SEC told them to stop this. They want companies to stick to their Q reports to tell shareholders about their progress in sales, revenues and profits and not use PRs to report in anything in that regard in between.
So from that experience it does not seem to be the best idea you had.
Let me tell you that the SEC does not like this kind of stock promotion. HALO labs, which is a company in the cannabis industry and fairly new on the OTC (they started trading not quite a year ago) gave out press releases to announce record revenue numbers in the 4 consecutive months after they started trading on the OTC. This went on until the SEC told them to stop this. They want companies to stick to their Q reports to tell shareholders about their progress in sales, revenues and profits and not use PRs to report in anything in that regard in between.
So from that experience it does not seem to be the best idea you had.
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