An unsolicited quote is one which represents an "Unsolicited Customer Order". Publishing unsolicited quotes allows a broker/dealer to meet an exception to Rule 15c2-11, which requires a broker to have in its possession current information, including financial information, about the issuer of the securities . To avail itself of this exception to SEC Rule 15c2-11, an NASD member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest.
This board was created to find sleeper stocks that currently have an unsolicited status on the pinksheets.After digging more into unsolicited stocks you can see a pattern.Some of these are sleeper stocks that will indeed list on a higher exchange eventually.Most companies Ive followed that are/were unsolicited had used the pinksheets as a cost efficient and time efficient way of going public. Some done as reverse mergers.In closing,there are definite diamonds in the rough here playing these kind of stocks.Many have moved off the pinks only to go to a higher listing. Question is..is this one a sleeper or not?Is company moving forward or are they winding down?Can we get them for ultra cheap or have they already put in a run? When is companies unsolicited status coming off?Small floats a must!Could be a very lucrative board soon.
Current Unsolicited Stocks board is following as of Dec 5, 2019
Added Dec 6, 2019
Added Dec 11, 2019
Added Dec 30, 2019
Added Jan 12, 2020
Having an active website is considered a huge bullish signal
More to be added soon.Any that are found by you,please post and will add to the list.Stocks . Patience is crucial as shares do not trade often so just place a bet (never bet more than you can lose or let sit dormant for an unknown amount of time)
June 16, 2020
FLOOF - this is both a USO and a warrant with 3/22 expiration