A Halted OTCBB from Vancouver Preys on US Inves
Post# of 16
Posted On: 09/09/2012 10:25:46 AM
A Halted OTCBB from Vancouver Preys on US Investors with Dreams of Turning Air into Water
What is it about Vancouver that spawns a disproportionate amount of OTCBB listed companies engaged in promotional campaigns? Year after year our friends up north lead the way in exporting blatant scams upon the US retail investor using the means and instrumentalities of the US communications networks as well as our postal service. Even more disturbing is that the securities regulator in British Columbia (BCSC) has become more pro-active than our own regulators in identifying and halting these scams before they are perpetuated. They do so by using their limited powers in
Canada to “halt”
the trading in these securities by market participants that fall under their regulation. And while sometimes the BCSC goes at it alone leading the shares to remain available for trading in the US, a BCSC halt has generally been a leading indicator for a subsequent rapid decline in the price of the halted security as eventually US investors and sometimes even the regulators catch on. Such is the case with the newest export from up north: Quest Water Global, Inc. (OTCBB: QWTR). The BCSC (British Columbia Securities Commission), the equivalent of the SEC in Canada, has already done its job and halted the shares of QWTR meaning it is currently
illegal
to transact in the securities of QWTR up north. Unfortunately for US investors, QWTR shares are still allowed to trade in the US (for the time being) providing the unscrupulous promoters with a window of opportunity to sell their shares to the unsophisticated investor at artificial prices. In this report we will provide convincing evidence that the inherent value of QWTR is zero, compared to its current market valuation of $122,400,0
(0)
(0)