For everyone who is saying that RFMK is non-DTC eligible, they are incorrect. I just spoke to Zecco and they said the stock was good to go. I have been trading it all week with no issues.
Stocks DO NOT NECESSARILY get chilled by the DTC for doing something in violation of the law; in fact, in most cases there is no wrongdoing at all by the company. They are seemingly on their way to chilling all Pink Sheet Companies.
For the SEC, many of their headaches will go away when thousands of micro cap companies are gone. For the DTC, micro cap stocks represent 90% of their effort but only 10% of their revenue; it’s simple math. More of the get big or go away decision made decades ago. I am surprised it took them this long.... Not because RFMK is a bad company, but because they are a small company.
