Thursday, March 09, 2017 10:14:03 AM
The only way to remove a company from the Pink market is for all of the broker-dealers to stop quoting it. Obviously the BOZO who has control of the remaining HUGE amount of shares is trying to unload it as best that they can to the unsuspecting traders.
Companies are required to contact FINRA Operations if their securities no longer exist, but are still being quoted. FINRA will investigate and, if appropriate, eliminate the trading symbol and inform OTC Markets Group that they have done so. OTC Markets Group will then remove the quotations in this security.
So, with that said, we will continue to see the LYJN ticker and a few shares tossing back and forth until they get tired of it. Another option is for the SHELL to be sold off to another company and they do a re-issue of new shares under their company name. At that point, the shares still floating around will be TOILET PAPER!
Either way LR, you can wish and hope for something to happen with the old product BUT I would contact the " new owner " and get their take on the defunct line of clothing. Personally I would NOT consider Hanna's " dream branding " to be a viable option in the fashion industry EVER AGAIN or something that will be putting a PROFIT into the new owners balance sheet!
Have a great weekend LR!
MY opinions are just that.......40+ years of trading experience and take it for what it is worth.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM