RE:Wake Up I intend to stay here until this stock gets delisted, go bankrupt or get sold for 1 cent and the reason has absolutely nothing to do with me making money on MMJ by shorting or trading because i am not involved in this stock since i sold it when it was around 80 cents. This stock is a scam and people involved in promoting it are cone artists.Majority of the shareholders got in because of the marijuana hype and are stuck with their losses. They just see no point in selling this POS at this price, their money is GONE. The few pumper/ losers posting here are just part of the boiling room, a cheap "investor "push by Boris the only thing he can afford after he dismissed the IR contract with Maricom after only 2 months.The rest are just as uneducated in stock market and trading as the daveblow,jjeerryy and stockweed24/7
Matica to the mooooon with a load of donkeys!!!
Mar 28, 2018
Canadian pot, crypto stocks among those flagged by OTC for promotion
Danielle Bochove, Bloomberg News
Flowering marijuana plants are pictured during a tour of Tweed in Smiths Falls, Ontario on Thursday, Jan. 21, 2016. , The Canadian Press/Sean Kilpatrick
A blockchain company, a battery-metal explorer and a pot grower are among 13 Canadian companies being flagged by OTC Markets Group under a new system to warn investors about stock promotions.
“Anonymous, paid stock promotion should have no place in the public markets,” R. Cromwell Coulson, chief executive officer of OTC Markets Group, which lists 10,000 companies on its exchange, said in a statement Wednesday. “We continue to work with regulators to advocate for the modernization of promotion regulations, including requiring additional disclosure around paid stock promotion and identifying the people associated with these campaigns.”
The U.S. over-the-counter exchange said it will begin placing a megaphone icon beside companies that are the subject of promotions in an effort to protect investors. Fifty-six companies display the promotion warning as of today.
Paid promotions aren’t illegal in Canada or the U.S., as long as they are properly disclosed to investors and don’t contain false information. In practice, disclaimers are often hard to spot, especially when intermediaries are involved. Promotions typically mimic legitimate news articles.
SEC Crackdown
Because promoters are often based outside the U.S. and promotions are published online or sent to investors by text or email, they’re difficult to regulate. In a worst-case scenario, when insiders cash out at the market peak on news that turns out to be hype, they can be classic pump-and-dumps.
The U.S. Securities and Exchange Commission pays attention to bad actors in this area. Last year, the regulator sued 27 individuals and their companies for their involvement in bogus stock promotions that appeared on SeekingAlpha.com and elsewhere.
OTC Markets is also placing a shell icon beside securities it believes may be shell companies, as defined by SEC rules.
The 13 Canadian companies that received OTC megaphones are:
- Lexington Biosciences Inc.
- WestKam Gold Corp.
- Jericho Oil Corp.
- Affinor Growers Inc.
- Abattis Bioceuticals Corp.
- International Battery Metals Ltd.
- Matica Enterprises Inc.
- Global Blockchain Technologies Corp.
- Block One Capital Inc.
- Tower One Wireless Corp.
- New Age Farm Inc.
- Petroteq Energy Inc.
- StartMonday Technology Corp.
None of them immediately provided a comment on the OTC decision, except Affinor, whose CEO Nick Brusatore said the firm isn’t concerned by the policy as his company is “promoting something and telling the truth.” Last year, Lexington Biosciences was asked by OTC Markets to explain its stock promotions. At the time, it said it didn’t pay for or review the materials.
Since early 2017, OTC Markets has asked 17 Canadian companies to respond directly to questions about stock promotion, the exchange’s director of corporate communications, Annmarie Gioia, said by email.
In Canada, easy listing rules on the country’s junior exchanges -- including the use of zombie shell companies that provide access via reverse takeovers -- have led to spectacular rallies in hot commodities like bitcoin, marijuana and metals used for electric vehicles. Paid stock promotion is often part of the hype.
“TSX Venture Exchange has clear policies regarding investor relations activities but we have no intention of penalizing our listed entrepreneurs for arm’s length, third-party content,” Managing Director Brady Fletcher said by email.
https://www.bnnbloomberg.ca/canada-pot-and-crypto-stocks-among-promoters-flagged-by-otc-1-1.1040716
ManOfStraw wrote: First thing. Valuepick, you broke radio silence as you said in your post. Go back to radio silence you aren't that bright.
Second thing. Anyone that answers or responds to these bashers is either very gullible or they are actually the basher themselves. We all know they are here for the purpose to make money, there is no way they would do it this much for nothing. If you are truly against these people bashing then you wouldn't respond to them, you are making them money.
Lastly. When the so goes up to a high sustained position all the bashers will disappear and go to work on other stock.