Yeah; you shouldn't be trading pink sheets if you're an unwitting investor. It's there to make your job as easy as possible. You shouldn't be trading OTC or pink sheets or any of these things.

SPACs can be solid investments. A SPAC is just a reverse acquisition to avoid listing costs, or sometimes because you're putting faith in a capital allocator. Again, investment carries risk of loss. I'm not sure what you're being critical of. Are you saying that we should only allow companies to go public through investment banks taking millions of dollars of fees?