Hey BC, thought I'd share what I posted over there
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Posted On: 02/21/2018 9:00:44 PM
Re: BUMPERCARS #279
Hey BC, thought I'd share what I posted over there on this much better message board for PDXP:
OTC Markets works on behalf of any and all OTC stocks/companies to provide the issuer's information to the public/shareholders ... so, it is a 'credible' entity for shareholders to understand if a company is 'current' and filing 'true' information about its business dealings... besides checking on the SEC website on those companies that ARE SEC reporting for company information, the only outlet for those and others that are not necessarily SEC reporting is OTC MARKETS.
For full disclosure, I am NOT a shareholder of PDXP but have been following it since I have friends who are shareholders/invested. I also find the latest happenings interesting since I had been in one of 17 that were suspended for 10 days and then relegated to the greys back in 2012. What I can't help but notice is that many of the CEOs of those companies, including the one I was in, came out with PRs (some the following day but none on the same day like PDXP) stating they're in contact with their respective attorneys to rectify the issues which the SEC stated were ... "Questions have arisen concerning the adequacy and accuracy of press releases concerning the company’s operations." or something to that effect.
I have kept track of those 17 companies: only TWO remain trading today and have actually come back to 'pink sheet', while four are 'invalid symbols'... four others sit at .0001 and the remaining seven have had no bid, no ask sitting at 0 ....
What I find different and interesting here with PDXP is the company immediately the same day of suspension came out with an 'update' somewhat different than those 17 from years ago... does not say its consulted legal, states the facts and says: "The company will be complying with any regulatory inquiry during this period as requested." I'm not sure what to make of that kind of response and would hope the CEO brings more clarity to shareholders soon.
Best to you and all with PDXP!
OTC Markets works on behalf of any and all OTC stocks/companies to provide the issuer's information to the public/shareholders ... so, it is a 'credible' entity for shareholders to understand if a company is 'current' and filing 'true' information about its business dealings... besides checking on the SEC website on those companies that ARE SEC reporting for company information, the only outlet for those and others that are not necessarily SEC reporting is OTC MARKETS.
For full disclosure, I am NOT a shareholder of PDXP but have been following it since I have friends who are shareholders/invested. I also find the latest happenings interesting since I had been in one of 17 that were suspended for 10 days and then relegated to the greys back in 2012. What I can't help but notice is that many of the CEOs of those companies, including the one I was in, came out with PRs (some the following day but none on the same day like PDXP) stating they're in contact with their respective attorneys to rectify the issues which the SEC stated were ... "Questions have arisen concerning the adequacy and accuracy of press releases concerning the company’s operations." or something to that effect.
I have kept track of those 17 companies: only TWO remain trading today and have actually come back to 'pink sheet', while four are 'invalid symbols'... four others sit at .0001 and the remaining seven have had no bid, no ask sitting at 0 ....
What I find different and interesting here with PDXP is the company immediately the same day of suspension came out with an 'update' somewhat different than those 17 from years ago... does not say its consulted legal, states the facts and says: "The company will be complying with any regulatory inquiry during this period as requested." I'm not sure what to make of that kind of response and would hope the CEO brings more clarity to shareholders soon.
Best to you and all with PDXP!
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