The Pink Sheets are just bad news for shareholders. I own shares of a company that currently has an X-MART on their website which just shows bids and offers to accommodate shareholders and interested parties since the Pacific Stock Exchange where it was originally listed closed its trading floor. The company is a small gold miner.

I have participated on their X-MART buying low and selling higher. All the while, trades were also showing up from the Pink Sheets on Stockwatch. The president and I would go crazy every time it traded at .0001 a shares. Yes, .0001 is correct.  The lowest price I ever bought it for was 20 cents and the highest I sold it for was around 80 cents all from the Company's book. I once had an order in to buy at 10 cents on the Pink Sheets and it traded all the way down to 2 cents and I bought nothing. I complained through Bear Stearns and the SEC and nothing became of it. The Pink Sheets, in my experience, is a den of thiefs. Get out of there as soon as you can!

Hedge funds seem to make a lot of their money suppressing prices of small companies in this county and Canada and maybe Mexico too and elsewhere. You can search the Internet for hundreds of testimonials from people thatb were put in the ringer by them.