"We will be implementing a one penny ($0.01) bid price requirement which is intended to remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotions. Any company that has traded below a penny for any length of time is not creating value for its shareholders and is therefore more appropriate for the open OTC Pink marketplace. This new requirement will become effective on May 1, 2014."
I have L2 and follow closely when I am bored. It appears to ME (in my opinion) that the MMs can/have controlled the posting of Bid/Ask and anyone of them could "decide" to hold a Bid at the close and therefore they would be the one to decide who stays or goes to the Pinks. Would this be a form of manipulation beyond the control of the companies and investors intentions to buy and sale?
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