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Most OTC's = rubbush, GNGR recycled = $
All you have to do is post ONE element of 15c211 that protects shareholders from Non current companies that pump and dump who pay the $6000 to be current from OTC current companies that pump and dump that pay the fee that are considered 15c211 compliant.
You wont be able to and I am 100% correct, Prove me wrong, you can't so that denial causes people to resort to name calling, giving up and also putting words in my mouth.
Seems like some belong on an old AOL chat room. :)
You can't answer the above question because the only answer is the one I posted.
Listen, read and LEARN people.
about one week after 15c211 is activated you will say DAM THE GIRL WAS RIGHT ALL ALONG.
Until you can answer the question I posted you have to admit (in secrecy I'm sure) that this post is 100% spot on.
Im correct you are grossly mistaken....... Im outta here, to many retailers who dont know any better.
You are doing it again that that is not nice putting words in my mouth.
YOU SAID:
You apparently STILL fail to understand that Rule 14c2-11 is an SEC RULE. YES I KNOW THAT
OTC Markets would have preferred that the SEC not change it. But once again, OTC Markets is NOT A REGULATOR. YES I KNOW THEY ARE NOT A REGULATOR.
you seem to be changing what im saying and you are 100% wrong about this. My proof is this.
Paying PUMP and DUMP who pay $6000 are 15c211 complaint. To be 15c211 compliant STOP sign pump and dumps have to file and pay the same $6000 so they can continue to pump and dump.
That is the rule, read between the lines and the proof I just posted, the is NO protections in rule 15c211 to stop pump and dump and offers NO retail investor protection
BINGO you got it.
I never said they were a regulator stop putting words in my mouth.
The OTC wants to charge non paying pump and dumps the same way they are charging current pump and dumps. You obviously can see that CORRECT?
Because they are a "publicly traded company" they will be adding another 2500 pump and dump stop signs to the current status and bill another $15,000,000 (its just business)
They say PAY to PLAY or you cant pump and dump!
That is 15c211 PERIOD. If I was wrong where will the protections be for investors from current pump and dumps. NONE!
You will see soon I am 100% correct.
I did not say the SEC wanted that $6000, I said the OTC wanted to be able to punish all companies good and bad who are not paying the $6000 fees.
15c211 is ONLY focusing on those who are NOT paying the fee and ignoring the rampant pump and dumps that are paying the fee and by paying the fee they are complaint with 15c211
The OTC webinais said if your OTC current or yield you are 15c211 complaint and need to do nothing. BUT they can still pump correct?
That means all other need to pay $6000 to be able to continue to pump.
The rules should go both ways and punish all pump and dumps not just those who are not paying the fees.
That is all that 15c211 is. Pay $6000 to the OTC, move to current and pump away just like the ones that are current now are doing who are 15c211 complaint because they paid the fees.
The proof is that there is no stopping OTC currents who are posting the data who are pump and dumps.
OTC Currents and even OTCQB that post no revenue and $20,000,000 in debt just keep debt dumping and diluting yet they are current and transparent as you claim. And that means they are 15c211 compliant.
It is you who have the wrong information.
15c211 is NOT protecting anyone now from pump and dumps. when those STOP signs file and are current they will continue to pump and dump and just pay the $6000 fee to do so.
:)
If they eliminate ALL debt conversion rules. 90% of ALL OTC stock trades will dry up and only about 500 OTCs will vanish.
The problem is that the small trades by more people equate to 100s of millions in trade commissions and over $300,000,000 spend on those few pumped debt securities each day.
That is to much money and share volume to lose in the marker. Any law to STOP debt dilution will not pass.
To many being paid under the table to keep is alive and well.
Toxic lenders not debt financing.
The SEC rule was due to the OTC wanting to be able to charge STOP sign OTC's $6000.
The fact is the RULE does noting to protect investors who buy pump and dump stocks.
That is why the rule does not apply to OTC current or yield pump and dumps who are paying the OTC fees.
Pay the $6000 to OTC they move you up to Yield or current and PUMP AWAY!!!
This rule will fool investors of pump and dumps they are protected when they are not. and it will be the biggest investor loss in decades.
There is ZERO investor protections other than those who buy EM stocks.
How to stop all OTC fraud easily.
Since every pump dump needs debt to convert restricted shares to free trading shares that allows an unlimited number of shares added to the float (billions) FAST! If the SEC did away with the Debt conversion rule, every pump and dump would not be able to sell debt for unlimited shares.
With no shares to sell and no items to sell, they would fold and all debt diluted pump and dumps would vanish in about a week or less.
The issue is that just 250 pump and dump OTC tickers equate to $300,000,000 per say in sales and millions in stock trade commissions and out of 12,000 OTC tickers, those 250 represent over 90% of all shares traded on any given day. Because the shares are so cheap to buy you get 1,000,000 shares for $100.
Also to note that those top share movers have shares that are almost all under $.001
Those cheap shares people know will fail they just want in just in case one hits $1 and they make $1,000,000 on a $100 investment.
The lotto gamblers know it's a long shot but they take the risk and pump and dumps know this and sell $300,000,000 per day. NICE!
Rule 15c211 should have been DUMP THE DEBT rule then ALL pump and dump stocks would be history.
15c211 facts vs fiction->
Since most if not all OTC investors rarely read about companies they invest in and make investment decisions based on hype from companies that literally do not make or sell anything other than intent, one thing is clear with 15c211.
The OTC has stated in many articles and data that the NEW September 15c211 rule was created to "Protect Investors”. The problem with that statement is, the ones who believe they will be protected under 15c211 are mistaken.
What 15c211 intends to do is prevent unsophisticated non-accredited retail investors from being able to buy shares listed on the EM tier. What that means is that debt diluted OTC pump and dump tickers will not want to be listed on the EM tier because they wont be able to sell any shares.
In order for an OTC to keep selling to the unsophisticated and non-accredited investors is to be 15c211 complaint and pay the OTC $6000 fees so they can continue to pump and debt dump the same way existing 15c211 current and compliant yield OTC have been doing before the 15c211 rule was even in the idea stage.
Only now their will be no more STOP signs to give a warning that no one seems to even look at and most of the stop signs will soon be OTC current but continue to do the same, Pump and Dump.
With the new Expert Market tier that allows accredited investors to not be a victim of a pump and dump scheme that flock the OTC current tier, Accredited and sophisticated investors will know they are protected under 15c211 when they look into investing in Expert Market tier stocks.
15c211 protects accredited and sophisticated investors who invest on the EM tier and offers no investor protections for those who buy shares on the OTC current or yield tier.
The simple way to define the 15c211 investor protection statement is, 15c211 protects accredited investors and not the OTC retail investors that make up for 99% of all the sales in pump and dump stocks because those 99% will not be able to buy EM tier securities and gives no reason for any OTC diluted ticker to move to EM tier.
The sad part is that with the influx of 15c211 OTC’s becoming current that are pump and dumps, will ruin it for the few OTC currents that are legit. Once the fraud runs rampant, all OTC currents will be seen as and accused of being just another pump and dump and people wont know which one to trust.
The other part of the equation is, Many of the OTC companies that move to EM tier or even Gray Market are mostly shells that are close to closing up or a company that failed that just walked away to let the ticker slowly vanish.
Companies that are active, valid and in full operations will remain and be seen as investment worthy, non diluted that are on the rise not on the way out.
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To be OTC yield or current (both 15c211 compliant) you have to pay $6000 to the OTC. No other compliance is needed so they can continue to debt pump and dump.
Companies that are paying that fee who are current or yield that are mostly intent pump and dump companies are EXEMPT from the new 15c211 rules that implies it’s to protect investors just for the fact they paid the OTC fees before 15c211 was created.
If pump and dumps that are on the OTC before 15c211 was even a rule and now the stop signs have to pay $6000 to be 15c211 complaint and offers no retail investor protections. That should tell anyone that the OTC just wants the STOP signs to pay the $6000 so they can do the same pump and dump on OTC current and if they don’t pay they can’t pump and dump on the EM tier.
It sounds more like extortion. If you pay the $6000 you can continue to pump and dump.
The SEC made this statement, Read it carefully!
The Commission believes that, under certain conditions and circumstances, it could be beneficial to establish an “expert market” that would enhance liquidity for sophisticated or professional investors in grey market securities, as well as for small companies seeking growth opportunities that might prefer to be quoted in a market limited to such persons. To facilitate the formation and implementation of such a market, the Commission has the authority to issue exemptive relief by order pursuant to Section 36 of the Exchange Act and paragraph (g) of the amended Rule that is necessary or appropriate in the public interest, and is consistent with the protection of investors.
Specifically the ones who buy EM stocks.
OTCM adds that it believes “the inability of retail investors to view real-time and delayed quotations in the Expert Market should minimize instances where such investors are induced to purchase securities as a result of viewing the ‘pump’ in a pump-and-dump scheme.” It is difficult to understand the thinking behind that statement. Pump and dump schemes depend on creating excitement through “news,” and manipulating volume and price to greater heights. While players would no doubt prefer to see quotes, if the story’s right, they’ll do without. After all, they can see time and sales throughout the trading session, and if volume is heavy, that will serve them well enough.
All OTC's are rubbish. The OTC is the sink disposal of the investment community. But there is still money to be made if you know what to do and when.
Cao, that is also correct. All OTC listed stocks are de-listed stocks.
The OTC is where exchange stocks that are de-listed drop to.
When an exchange stock is de-listed to the OTC, they have a choice of which de-listed tier to trade on, OTC current, Stop sign, CE or any of the others tiers.
A company cannot be de-listed from the OTC because all OTC tickers are already de-listed.
:)
Cao, That is correct. A company can file with FINRA the needed documents or post them on the company website. A broker dealer can grab that data and file form 211 and they can pay the fees and that company would become OTC current.
After Sept. when 15c211 is activated, at any time a broker can do the above mentioned. However in order for them to file 211, the company must make the data public on the website or with FINRA, if they do not post that data, the brokers cannot file form 211.
This puts the company in control as to when or if they want to be OTC current.
Or some may elect to use the IQS or ATS trading platforms.
:)
TO DA MOON!
leaving the station to Penny Land
Easily back to $.12 per share. IMO
GLTA.....Your going to need it.
Time to change channel...
At about 2:pm or sooner.
351, you and 10,000 others will be trying to do the same and the market makers will shut down the bid to 50,000 at below any ones profit price point.
The debt diluted goal is so you cannot get out except at a loss and only the company and debt converters make money.
Don't wait for a RUN UP just RUN!!!
Budcars is photo shopped and the images are stock from Google.
Show us BUDCAR on the street or delivering or at the location. The only Car is a stock green VW with some image of a MJ bud photo shopped on top.
OK some kids are walking around with budcars sweatshirts and any pumped can buy logo shirts or hats
PLEASE really????
At $.01, most cost averaged to $.02 so how is a penny a good thing?
Dilution just started! Won't ever stop!
Sideways? This ticker is upside down...
Regardless I am 100% correct.
Just a friendly warning to open short positions.
You may want to think about closing them out before its to late.
;)
150 million and no real price change, We all learning anything yet?
You are quite welcome...
You assume I am angry and that is not so. But you just answered what most rely on, assumptions of what will happen that never does.
Me? I am happy as a clam but when people post to me what they think is accurate and rather than discuss they insult and degrade, well then I guess it’s nice to be able to say, “I told you so”
This like most OTC’s is just shitz and giggles as no one here ever makes any money on these pump and dumps yet they keep ASSUMING they will.
So sad, but the coined phrase a fool and their money are soon parted seems have constant relevance especially in this OTC market.
Pink Current? what the hell does that have to do with anything? It just validates dilution and has no relevance to being legitimate.
In fact, being OTC current gives a false sense of validity when all it does is fool more people into investing.
")
There is no reason for Jimmy or the debt investors to pump this UP.
They are making millions selling billions of shares at this level.
Remember that if the shares rise up, Jimmy and the debt diluters would be in competition selling with all of you. And that they do not want to have happen. That is why 100s of millions are trading and the price stays about the same. Regulated share price by dilution.
When dilution stops is due to no more shares available. When that happens they stop posting news and PR and the MMs drop the price to $.0001 and abandon the stock.
Even if the price went up even a little, the market makers would kill the price on any mass selling at a higher price. The MMs know whats going to happen and will not load up on what they cannot sell when the dilution stops.
And the MMs are making more money selling shares issued by the company so they will buy maybe some but not many from the retail investors who are held hostage by the debt diluters shares being sold every day in the tens of millions.
The answer is to suppress and regulate the share price by continued dilution, which only allows them to sell, and not you.
This means people who paid more have to sit and wait while they watch 50,000,000, 100,000,000 trade each day at a fixed price to keep you from selling with $100,000 to $500,000 being generated each day and investors can't get any of that money but only watch others make that money from new investors who will end up sitting and watching and waiting for a change that never comes.
No one has or will make money on this stock as it continues to decline. The ONLY way to make money on these is to short the stock when the initial pump starts and buy it back when the stock tanks. But most retail investors don't or can’t have a margin account so only a few who work with the company can short the stock.
Plus those who short who are in on it know full well the stock will tank and they all make millions shorting at $.10 then buying them back from the diluted debt issuers and not the public bid. That way they short the stock and buy it back and not have it make the price rise.
:)
If SGMD cannot make $$$ in the MJ space in a state that has legalized it, what makes anyone think legalizing MJ federally will help SGMD?
?:)
640 acres! Perfect for a cemetery where OTC investors can bury their worthless shares from decades of pump and diluted losses and be able to visit them every so often.
Just the hard truth. Sad to say.
50,000 x $.002 is only $100 YEAH BIG MONEY!
Imagine this:
You’re in the town below after the dam burst and the town is flooded with billions of gallons of fresh drinkable water.
Pretend the billions of shares of SGMD is the water around you as you sit on your roof waiting to be rescued.
You decide to sell the SGMD shares and with the water as an example, you trying to sell SGMD shares after the dilution stops is the same as you sitting on your roof with a sign that says WATER FOR SALE $1 per gallon.
You think anyone is going to buy your shares or water when they have already flooded the valley?
Saying the dilution is almost over is like saying the dam that broke is almost out of water.
SGMD is similar to a broken dam that never gets fixed. When the shares are all sold the market will be flooded with billions in the float just like the town below that was flooded with billions of gallons of water and left in ruins.
When that happens the shares will trade as slow as the once mighty dam that generated power to a town below becomes a trickling stream.
The diluted shares will not be able to support a price just like the broken dam can no longer support water and the investors will also be left in ruins.
There was no reason to dilute the shares. They had the capital from the initial 200,000,000 dump at $.12-$.18 ($30,000,000) to do what they said they would do.
The only reason for the dilution was to make money from selling shares with no concern the dam was about to bust.
:)
Why ask, It won't matter :)