If a company is listed on Otcbb but not shown as active what stage is it in? How far from IPO?

Question

Listed on Otcbb.com with the Symbol "AASF"

But has not started trading

What stage is the stock in?

How long before it is in IPO stage.

It has about 5 million of funding

I brought the stock in 2005

Answer 1

It already has had an IPO if its trading. OTCBB means that the company does not meet the requirements to trade on an exchange like the NYSE or NASDAQ. Generally OTCBB stocks are the wild west of speculating (they are def not investments) and are the subject of numerous pump and dump schemes. It seems that this stock is not trading and is not worth anything so I doubt you will see a return on your investment.