it's the only adult movie business that was listed in the Nasdaq and reveunes was mostly in Europe market.. in 2000 when stocks were hot.. well 99% of the stocks in the OTC is for money laundering and tax purposes only. you know what i'm saying!
I'm guessing that the whole purpose this company was listed in the Nasdaq was for evading taxes by the owner or majority shareholder Bert Milton jr.
as the owner was being chased by Swedish tax authorities for tax evasion via his private company and fined for 100 million Kronos tax bill in 2009
As for the 'delisting' I see more corrupt and worthless stocks listed in the OTC and the SEC doesn't give a dam and the stock still trades.
what gives.. the company can send a 'fake' SEC qauterly report and the SEC would relist it. as the SEC doesn't audit quarterly reports. anyone can send the Qaurther REport to the SEC. the stock is listed I the lowest exchange known as pinksheets..where strocks trade for as low as .0002/share.
it was 'diversify' portfolio stock.
I'm guessing that the whole purpose this company was listed in the Nasdaq was for evading taxes by the owner or majority shareholder Bert Milton jr.
as the owner was being chased by Swedish tax authorities for tax evasion via his private company and fined for 100 million Kronos tax bill in 2009
As for the 'delisting' I see more corrupt and worthless stocks listed in the OTC and the SEC doesn't give a dam and the stock still trades.
what gives.. the company can send a 'fake' SEC qauterly report and the SEC would relist it. as the SEC doesn't audit quarterly reports. anyone can send the Qaurther REport to the SEC. the stock is listed I the lowest exchange known as pinksheets..where strocks trade for as low as .0002/share.
it was 'diversify' portfolio stock.
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