This post concerns an extremely illiquid and difficult-to-trade security. As always, I make no recommendation as to whether or not you should buy this security. If you do, please do so carefully. Detroit Legal News is one of the old guard of OTC-traded "dark companies." In DLN's case, the "dark" part of the phrase is not particularly apt. The company provides quarterly reports with limited financials and full audited annual statements with footnotes, publishing them through OTCmarkets.com. Still, the company withdrew its SEC registration decades ago and has traded over-the-counter with limited volume ever since. The company was featured in the classic Walker's manuals. Here is a picture of Detroit Legal's entry in the 2002-2003 edition.
Detroit Legal News Co.
Detroit Legal News Co.
Detroit Legal News Co.
This post concerns an extremely illiquid and difficult-to-trade security. As always, I make no recommendation as to whether or not you should buy this security. If you do, please do so carefully. Detroit Legal News is one of the old guard of OTC-traded "dark companies." In DLN's case, the "dark" part of the phrase is not particularly apt. The company provides quarterly reports with limited financials and full audited annual statements with footnotes, publishing them through OTCmarkets.com. Still, the company withdrew its SEC registration decades ago and has traded over-the-counter with limited volume ever since. The company was featured in the classic Walker's manuals. Here is a picture of Detroit Legal's entry in the 2002-2003 edition.