Premier Investment Properties Inc (fka PIPI)

[Renee]

PIPI: effective Dec. 24,2024 FINRA will delete the symbol as inactive security.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[jmhgolf]

Well E*trade took pipi shares out of portfolio claiming no transfer agent for 6 years.

[otterman]

Clicking on the link to their website goes to a different location each time.

[otterman]

At this rate Im gonna be rich in about 4000 years!

[otterman]

Yes, and 1 tick a day again.

Just saw a commercial that a bank brokerage is discontinuing buy and sell commissions for stocks!

[CharlesNet]

And such small purchases

[otterman]

I wonder who's buying since its limited to broker liquidation (most likely), accredited investors (really?), or institutions (ROTFLMAO).

[CharlesNet]

$PIPI Looks to be getting a little action again lately.

[CharlesNet]

On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.

What this means for your account(s).

You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

[otterman]

Well I guess we know now what all the volume was about, bailing before the rule changes.

This may never trade again unless someone wants to pony up to get the filings up to date and remove the CE designation. At least it should be easy with no business to report.

[CharlesNet]

New rules will affect your ability to buy and sell “Pink No Information” securities, including at E*TRADE

On September 28, 2021, new requirements take effect that will impact the market for—and value of—certain “over-the-counter (OTC) securities” you currently hold or have held in the past. The new rules apply to “Pink No Information” OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.

Some background on the new requirements

The Securities and Exchange Commission (SEC) recently adopted amendments to SEC Rule 15c2-11 governing the submission and publication of OTC quotations. These amendments will prohibit broker-dealers from submitting or publicly disseminating bid/ask quotations for OTC securities of issuers that do not meet enhanced information filing requirements.

Securities of issuers that make the required information publicly available by the deadline in the rule should not be affected.

What these changes mean for you

Starting September 28, 2021, you will no longer be able to buy or sell “Pink No Information” OTC securities through E*TRADE. Other restrictions related to the purchase of these securities may apply sooner. Please keep in mind that the upcoming changes will negatively affect the value of any “Pink No Information” OTC securities you hold now or in the future.

[otterman]

Whatever deal there was is dead?

[otterman]

Was thinking the same. Seems whoever got excited is done. But wait...!

[iblong2]

Not much action here lately.

[iblong2]

Last trade on Fri. for 156 shares @ $0.01 = $1.56. Why would someone sell 156 shares?

[zagdad]

Congrats...a 138 bagger and just getting started....unfortunately I missed this one. Now if only we could lite a fire under IND..C.

[iblong2]

From a low pps of $0.0001 to a close today at $0.0138 in less then a month, wow! I agree, something must be up.

[CharlesNet]

$PIPI still moving up with daily volume. Something must be going on here behind the scenes.

[iblong2]

I believe that is correct. The way the trading is going, if and when we get news we could surpass the previous highs.

[otterman]

Was trading at .05 before the fallout.

[jmhgolf]

From another board. About the new SEC rules. Looks like Ken better get his act together

TLDR"?

The Low-Down...???

-- Yes. Under the recent SEC rules all tickers that are very AR behind on filings will be suspended. All CE's that
1). Are behind in filings, and/or
2). Cannot succeed the OTC "Caveat Emptor" designation will be revoked.

I have read companies have until June to 1. Be far enough in filing process to go current....evem if they are still "Pink No Information", but they can show audits and prove they have inotaed te process, they will have until September to be Pink Current..

Companies that have no audiys completed and cannot prove they are engaged, will be suspended.

CE's must demonstrate an acceptable appeals process to demonstrate they are actvy engaged in reviving the ticker. If they succeed, they will be given until September to be Pink Current. If they cannot provide proof of a process try will be revoked in June. If they fail te process, they will be revoked in September.

*'** This is how I understand the changes in the OTC. It us possible I'm being more liberal than they will.

[iblong2]

Over a penny, wow!

[turn144]

Yes - that is what I was referring to.

[CharlesNet]

I think Turn was referring to a Reverse Merger, not a Reverse Split.

[iblong2]

It is definitely a low share count with the float at about 130 MM and the O/S at under 300 MM (if my memory serves me correctly, I believe the O/S is about 277 MM). I don’t know what Ken has up his sleeve but he has told me several times that there will be no dilution or reverse, ever.

It has been really nice watching this slowly moving up this past month with decent volume. Any news will have this flying to the moon!

[CharlesNet]

Could be. Low share count and #PIPI definitely seems to be under accumulation.

[turn144]

Hi Charles- been a long time - hope you are well.

Looks like a couple of the old ones have perked up lately.

This one has an interesting share structure for a possible RM.

[iblong2]

Nice volume and upward movement so far again today!

[iblong2]

I agree that it takes money to make money but there are other ways to raise cash other than dilution.

[otterman]

Not really something that can be promised. It takes money to make money so unless he can bring an investor in...but then they would want compensation too.

[iblong2]

One more thing. Ken promised no dilution and no reverse ever!

[iblong2]

What impresses me most is how this has been moving up almost every day. Maybe something is in the works!

[jmhgolf]

Almost $30000 traded today.

[iblong2]

Last trade @ $0.0065!

[jmhgolf]

Who knows what? Ken?

[iblong2]

Good start over a million shares traded with the last trade at $0.0063!

[iblong2]

Let's hope this trend continues...Today will be interesting!

[iblong2]

If I remember correctly the O/S is under 300 MM ( The number I remember is 277 MM ) and the float is about 130 MM.

[iblong2]

Probably back to June 2011 when it was suspended.

[iblong2]

Vert low float, this one could move up fast!

[jmhgolf]

And why not. Everything is trading and I mean everything.

[CharlesNet]

Many years

[jmhgolf]

Holy crap. Almost 1.5 million when’s the last time that many traded?

[CharlesNet]

Looks like someone is accumulating PIPI for a run

[jmhgolf]

A little. It’s not dead. That’s was about it.

[CharlesNet]

Learn anything?

[jmhgolf]

I hadn’t either. Was surprised he answered.

[CharlesNet]

I haven't spoken to Ken in four or five years.

[jmhgolf]

Have you talked to Ken? I spoke with him a month or so ago

[CharlesNet]

Would like to see something good become of it.