RE:RE:RE:RE:RE:RE:RE:ALDERON WHAT'S UP !!!!!!From OTC Website
Warning! Unsolicited Quotes Only
Investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have a difficult time selling this stock. Click here for more info on Unsolicited Quotes. Unsolicited Quotations
When you see the word “unsolicited” as part of a stock quotation page on a website such as the Pink Sheets (marked as “unsolicited”) or OTC Bulletin Board (marked as “U”), you should be aware that the quote is not necessarily a market maker’s own quotation reflecting a price based on market conditions or current information about the company being quoted. Instead, it is a quotation that a market maker posts to reflect an unsolicited order by a customer. So, if you and anyone calls his or her broker, or places an on-line order for the stock – without the broker’s promotion of the stock to that individual – that order would be posted at the customer’s own designated price and marked as an “unsolicited” quotation. It is important to be aware that the individual placing such an order may not be relying on current information about the company – which is vitally important before making an informed investment decision. The individual may unwittingly be relying on bogus pricing and false promotional information from spam email or faxes. Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in league with the fraudsters. That’s frequently how the fraudsters get the public market started out of the blue, and how they are able to generate the appearance of investor interest and trading volume. So when you see the word “unsolicited” in reference to the quotation’s status, you should be cautious and find out whether there is current information about the company before you buy or sell the stock.
If a company’s securities are listed on a stock exchange, the company is subject to certain reporting requirements – including making audited financial statements available to the public. If a company’s securities are quoted on the OTC Bulletin Board, the NASD requires the company to comply with certain reporting requirements. Companies with securities quoted on the Pink Sheets, however, are not necessarily subject to reporting requirements.
In addition, companies may have quotations for their securities posted on a quotation service such as the Pink Sheets or the OTC Bulletin Board, as long as either:
(1) A broker has gathered and reviewed information about the company, and has demonstrated it did so to the NASD;[1] or
(2) The broker submits a quotation for posting that represents that the customer’s interest in the security was not solicited by that broker. These quotations thus are marked as “unsolicited” quotations on a stock quotation page, such as the Pink Sheets or OTC Bulletin Board.[2]
In short, if you are interested in a stock that you learned about through spam e-mails or faxes, you should ask your broker whether the company is subject to reporting requirements and has made current reports available. In addition, for stocks quoted on the Pink Sheets or OTC Bulletin Board, you should ask your broker whether any broker has done the requisite fact gathering on the stock (i.e., whether a Form 211 was filed for the company) – or whether quotations are being posted in the Pink Sheets on an “unsolicited” basis only. If the company’s stock is quoted on an “unsolicited” basis only, you may want to consider more carefully who was calling this security to your attention – particularly if the source is a spam email or fax - and what information that source is using to calculate the price of the quote. If the source is spam, be alert!