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Lone Wolf

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Lone Wolf

Re: Gamblin_Pennies post# 483

Thursday, 09/21/2017 12:42:11 AM

Thursday, September 21, 2017 12:42:11 AM

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Company has to commit to the process for an OTC listing. Then they need an MM to commit to supporting the trading of their stock.

Usually not an issue. If the company fails to take the necessary steps to ensure this can continue to trade, they are in breach of their fiduciary responsibilities and can be subject to legal action.

With the merger in play, I would think the last thing the the acquiring company would want is for them to inherit these legal legacy issues. The recent 8k's suggest the company is taking care of business...at their pace...not ours.

Shares can't simply be cancelled absent a BK procedure...that would be tantamount to theft. It's at a crawl, but yet moving forward. The last 8k was a significant one...IMO.
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