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The pushers have been saying don't worry for years while posting irrelevant Youtube videos.Yet this stock still sits at a pathetic .0015 with poor volume after 5+ years. The lesson - when the pushers talk, ignore them, which is what potential investors do.
I’m not worried all will be taken care of . I’ll even go out on a limb and guar·an·tee a win !!!! It’s the playoffs!!!!
I would think that makes it harder? JMHO
$MCIC TO PLUTO AND BEYOND
RULE 2460. Payments for Market Making
This rule is no longer applicable. NASD Rule 2460 has been superseded by FINRA Rule 5250. Please consult the appropriate FINRA Rule.
Very interesting and looks like a tough road block...................Market makers prohibited by FINRA Rule 2460 from accepting payment by an issuer or their affiliate for publishing quotes.......this part is fairly new.......companies used to be able to pay a market-maker a fee to publish quotes...not anymore
Thanks for all your dd
That s great that means it rare so when mcic does it it will great
How does a company get quoted?(interesting read from a transfer agent's website)
To get quoted, you need to find one market maker willing to quote your company's stock. Only SEC-registered broker-dealers (market makers) that are members of the Financial Industry Regulatory Authority (FINRA) can quote securities. The market maker must file a Form 211 with FINRA in order to start quoting.
How can I find a market maker to file a Form 211?
We cannot recommend specific market makers. However, a list of market makers is available upon request. We welcome potential issuers to contact them to discuss making a market in their company's stock.
Is there a way to get quoted without a Form 211?
Yes, if a market maker determines the security is eligible for one of the following exceptions under SEC Rule 15c2-11:
The security is currently listed on a U.S. exchange.
The market maker wishes to submit an unsolicited quote. An unsolicited quote represents a customer order and not a market maker's own position and must be removed from the system once the customer order is executed
The security is piggyback eligible. A security becomes piggyback eligible when it has been quoted by at least one market maker for a minimum of 30 days.
The "Globenet Exemption." Under this exemption, a market maker can initiate a quotation for an OTCBB-only quoted security without submitting a Form 211 to FINRA, subject to the following conditions:
Each broker or dealer relying upon this exemption must have in its records information specified in paragraphs (a)(5)(i), (a)(5)(viii), (a)(5)(xiv), (a)(5)(xv), and (a)(5)(xvi) of Rule 15c2-11;
Two-way bid and ask priced quotations that do not reflect customer indications of interest must have been published during the previous 30 calendar days, with no more than four business days in succession without such quotations, in an interdealer quotation system that displays unsolicited customer indications of interest;
The issuer of the security has not been delinquent in any of its reporting obligations under the Exchange Act or rules thereunder for more than 30 days, if subject to Section 10(a) or 15(d) of the Exchange Act;
Since the issuer of the security filed its most recent annual report, the issuer has not filed a report with respect to any event included in Item 1.03 (Bankruptcy or Receivership), Item 2.01 (Acquisition or Disposition of Assets), Item 4.01 (Changes in Registrant's Certifying Accountant), Item 5.01 (Changes in Control of Registrant), and Item 5.02 (Departure of Directors or Certain Officers) of Form 8-K under the Exchange Act
The issuer of the security is not exempt from the registration requirements under Section 12(g) of the Exchange Act pursuant to Rule 12g3-2(b); and
The issuer of the security is not the subject of bankruptcy proceedings.
Are there any filing requirements in the OTC market?
Issuers are not required to register securities with the Securities and Exchange Commission (SEC), or be current in their reporting requirements to be quoted on the OTC system. Nor are issuers required to file financial or other company information with OTC Markets. However, issuers are classified for investors based on the level of information they do provide about their company.
SEC Rule 10b-17 requires all issuers of publicly traded securities, including all OTCQX, OTCQB and OTC Pink securities, to notify FINRA at least 10 calendar days prior to the record date of any dividend or other distribution, stock split, reverse split, or rights or subscription offering.
Do financial statements have to be audited?
Current FINRA rules do not require the financial statements of non-SEC reporting issuers to be audited in order for them to clear a Form 211, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.
What are the fees?
There is no fee for issuers to have their stock quoted on the OTC inter-dealer quotation system. Market makers are charged for each security in which they make a market in the OTC system and are prohibited by FINRA Rule 2460 from accepting payment by an issuer or their affiliate for publishing quotes.
Based on a series of google searches specifying "resume quotation OTC" "211 approval OTC" and other key words. A few companies have released news saying they intend to but I can't find many that have outside of uplisting to QB or QX. Thats the only 2 ways to remove unsolicited quote issue.
So if it doesn’t happen often that’s a great thing for mcic .
Go mcic to Pluto and beyond
And one of the possibilities is nothing else is done and the pushers are humiliated and laughed at again.
MCIC - To Uranus
I find it very interesting and exciting what the possibilities are. JMHO
GO $MCIC
The funny thing about it is this is unprecedented without moving up to QB or QX and paying those dogs more money. Works out well for the dogs. 211 form? Watch out if either happen. Looks like the street will be blind sided either way. Company is not saying anything....... It's very interesting for the few watching.
How could it be sooner than most think when some believe it should have happened by now (if the paperwork was filed).
MCIC - To Uranus
Good question.
I just feel it’s that statement on otc will be gone soon . What’s need for that review just a letter , revenue , audit maybel legally speaking . I don’t know just askin
I'm assuming your talking about this..........."An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
I am going with 100% and sooner than a lot think. JMHO
GO $MCIC
I'm assuming it was filed (It's the only logical next step).......Form 211 does not have to be announced ........It's all done behind closed doors with FINRA
I bet tha paragraph on otc about quote swill be gone soon so I say 100% don’t know if FINRA has anything to do with it or not . But it will go away
Was it even filed?
Pick your odds whether FINRA will approve or disapprove MCIC's Form 211........Mine is 60% approve
GOOD MORNING EVERYONE
GO $MCIC
Yes when it shows 10k no trades. It seems like when it's 100k or more we get volume??? JMHO
GO $MCIC
Yep seems like every time big block comes up it’s eaten fast!
Relatively heavy selling today has taken the PPS back down to triple zeros (not that.a PPS of .001 or .0015 is so wonderful after 5+ years). Obviously, most potential investors think this stock will continue to go nowhere regardless of the current pink designation. If the potential investors didn't think that, there would be significant buying and the PPS would be a lot higher. It's as simple as that.
Supply and demand. Large blocks of .001 get scooped up fast. Gulp, Gulp, Burp. Bartender may I have another 1,000,000 shares?
Yep congrats to who ever picked them up
And the PPS has gone from .001 at the beginning of today to currently .0008 (triple zeros). The pushers get excited when trades happen and the PPS goes down. Someone needs to teach the pushers how trading works.
MCIC - To Uranus
Someone wanted out and someone wanted shares. JMHO
GO $MCIC
According to IHUB, current PPS: 0008 (triple zeros); current bid: .0008 (triple zeros); Current Ask: .0015; volume: 2,010,000
Well that didn’t take long for 2 mil shares to be snatched up at .001 back to ask of .0015
According to IHUB, another relatively large sale of 682,565 shares to add to the 900,000 share sell that happened earlier today. If the future is so bright for this stock (as the pushers have been pushing for weeks), why are these large sells happening?
According to IHUB, there have been 1,000,515 shares traded so far today (most of it on one 900,000 share sell - that person must have been sick of waiting). All of the volume is sell volume, so the PPS did not move up, and the bid and ask moved down. Pathetic.
That's all investors ever have is waiting (5+ years of it) as nothing substantive ever gets accomplished. The poor PPS and volume continue to reflect the waiting.
MCIC - To Uranus
GOOD MORNING EVERYONE
GO $MCIC
Looks like we are waiting on Ben to remove this. JMHO
Warning! This security is eligible for Unsolicited Quotes Only
GO $MCIC
GOOD MORNING EVERYONE
GO $MCIC
Yes can't wait for it to start. $$$$
GO $MCIC
And when we find out my rich today rich tomorrow saying becomes I’m rich I’m out of this board you all have a great life I will be
Yes. Spike and no cheap shares for people to flip. Multi penny PPS correction on news of operational events and progress.
I hope the price jumps so they can't preload. JMHO
GO $MCIC
Obviously, potential investors do not want to invest until/unless they see proof of significant positive developments that will drive up the PPS. Perfectly understandable.
No one pre loading before run I like that better for us
Yes, it is pathetic that there have only been 17 shares traded so far today.
MCIC - To Uranus
Big trade someone sold 17 shares. Crazy 🤑
GO $MCIC
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