On a side note from memory the Pink Sheets website classifies the stocks listed there in 3 categories of transparency/dodginess, and besides warning investors about the risks inherent to all stocks listed there, adds individual extra warnings to the companies which falls on the lowest rung of the transparency ladder. Not clear wether OP bought the company when it was still traded on Nasdaq or already on the otc Pink. Prvt was not a crappy porn company btw, Private has been famous for high quality high budget productions for decades, although after a quick google search it appears they are not as important as they used to. Internet might have hit them hard.
this is a real company unlike 99% of the shell companies listed in the OTC ipo. okay they list to sell as shell for money laundering purposes there is no traders or retail investor interest in these companies.
The SEC regulates the exchanges right? all they do delist and does nothing as trading of the stock and actual company if it folds and the owners shut down and embezzle the company assets, it's your problem as an investor like Madoff or any sub prime bonds or any stock sold in the NYSE or Nasdaq, there is no investor protection.
it was trading in Nasdaq and had 30 million in revenues in 2010 okay. this company has assets that is off balance sheet. it's foreign company and there is nothing the SEC can do about other than delist the stock after it rip off US retail investors. like the dozens of china scam stocks and solar stocks and internet stocks and sub prime bonds sold via OTC in wall street. securities fraud. nothing new.
I'm glad you only lost 5% via the high risk of speculating in penny stocks. Too many people lost a lot more than that percentage or they lost their life savings. No matter how mad you're about losing that 5%...do not risk any more on penny stocks. Have you tried Bitcoins for that 5% high speculation investment although it may be too expensive for you right now for you but their are other types of cryptocurrency markets ???
The SEC does not list or delist companies on exchanges. That is up to the specific exchange. They have listing/de-listing rules. The SEC just sits above like a watchdog. Instead of poo-pooing everything and everyone about your recent loss, why not get a clue? Education is the key. THERE IS NO CABAL! https://www.sec.gov/divisions/marketreg/mrotc.shtml
off The SEC just watches the 'public' get robbed and does nothing. The SEC only does something if you make money on 'insider information' betting on options and make over 1 million at the market makers expense, your account is frozen. you better quickly wire the money out 'quickly and launder it you strike it big in any options win. The SEC watches the market like eagle. any wins the market makers reports to the SEC and your brokerage account is frozen in days. You get ripped off and the crooks close shop and took the money and and left the country, it's your problem says the SEC
My ETA for your username to get banned/ignored/whatever is...Oh...I'm going to give it a wide berth...3-4 weeks? Any takers on this bet? I bet one macadamia-nut chocolate-chip cookie.
Hmmm cookie, I'm on a diet so I shall take your bet i dont think he'll last that long. Good weekend entertainment though, got to love the crazys lol