Octagon88 (OTCPK:OCTX) is an exploration stage oil and gas company incorporated in Nevada, located in Switzerland, and with some vague, tenuous relationship with Alberta, Canada. I think that this stock is worth zero. It is currently trading at $6.25. The stock is up 104% over the last twelve months, but I think that Octagon will soon come crashing down.
Right from the start of the 10-K, Octagon88 doesn't exactly inspire confidence in the fundamentals of the company.
We were incorporated on June 9, 2008, in the State of Nevada. We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings. Since becoming incorporated, we have not made...
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