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"Actually, it's Finra that delists inactive tickers.
Where do you get 18 months from?"
From Wikipedia (https://en.wikipedia.org/wiki/Telogis):
"In July 2010 Telogis acquired the assets of Remote Dynamics,"
"In 2016, Telogis was acquired by Verizon."
"Can’t wait for the dissolution to hit"
Forget having an active business with a Sec of State, Accounting firm to do the financials to become pink current per the new rules that took place on Sept 28th.
"I guess that Verizon forgot to file an update on RMTD."
"You can’t buy LoL Liquidation MODE ONLY"
"The bid /ask doesn't come from OTC Markets."
OTC Markets blog entries regarding the Expert Market
https://blog.otcmarkets.com/?s=expert+market
"Form 211 can’t save RMTD quotation.
Liquidation mode only, no liquidity"
With profits of 20% to 100% regularly and easily available by trading these scams, many people don't care if every word provided by such corporate officials is total lies.
FINRA Form 211 is no longer the only means for a corporation's stock to become publicly quoted.
15c2-11 Resource Center
https://www.otcmarkets.com/learn/15c2-11-resource-center
How do the changes to Rule 15c2-11 impact how can companies go public?
Generally speaking, companies that do not have a public market (i.e. do not have public, priced broker-dealer quotes) may become quoted by undergoing an “Initial Review” by OTC Markets Group or by having a broker-dealer file and clear a Form 211 with FINRA. Companies that may require an initial review include private companies looking to start a public market, non-U.S. companies listed on a foreign stock exchange, companies that have become delinquent in their reporting obligations and companies with securities on the Grey Market.
Please continue to check www.otcmarkets.com and our normal communication channels for updates regarding OTC Markets Group’s initial review requirements, as we communicate further developments regarding this and other components of Rule 15c2-11.
"Who’s gonna buy this dark defunct POS after the 28th?"
"That’s great and all but come the 28th, brokerage companies like E*Trade TDA & Schwab won’t allow you to buy, only liquidate holdings."
As you can, the OTC Markets Expert Market already exists, and has existed for a while.
Click here to display the OTC Markets Stock Screener
It is currently used for tickers which OTC Markets have designated as Caveat Emptor, among other things.
Click on the image to display it bigger.
Ed is their any accuracy in this, do you have any confirmation that the SEC did approve the Expert Market?
https://blog.colonialstock.com/sec-denies-anticipated-otc-expert-market/
On September 28th, OTC Pink/No Information tickers do NOT move to the Grey Market.
Instead, all OTC Pink/No Information tickers will be moved to the Expert Market. That is where OTC Markets already puts stocks which OTC Markets have labelled as Caveat Emptor.
Only institutional investors and accredited investors are allowed to purchase stocks on the Expert Market.
However, because the OTC Pink/No Information tickers will retain that designation, they will not need to go back through the Form 211 process with FINRA as they would if they were moved out of OTC Pink and into the Gray Market.
If an OTC Pink/No Information ticker files the required paperwork to bring their filings current, the ticker will be reclassified as OTC Pink/Current.
People here on iHub who are attempting to scare you into selling your shares through a market order before September 28th are hoping they can acquire your shares for as low as $0.000001 per share. That is the lowest price possible.
Then, they can try to sell your shares at $0.0001 per share for a 9,900% profit.
Note that as of September 28th, you will no longer be allowed to submit market orders for your OTC Pink/No Information stocks and limit orders generally are not accepted at prices below $0.0001 per share.
If you still holding shares for an OTC Pink/No Information stock, you should only have limit orders at a price of $0.0001 per share or higher.
If the corporation files the necessary paperwork to bring their filings current, the stock will resume normal trading and you will get a chance to recover your cash. Otherwise, eventually in a few years, the stock will die and you will have to take the tax deduction on your loss at a rate of no more than $3,000/year unless you have gains on other stocks to offset the additional losses.
More specifically, when selling at any price one could get today (if one could sell at all) would result in nearly a complete loss of position value, why would anyone opt for such a bad loss when the only other option is wait as long as it takes for the corporation to fix their filing mess and then get a market makers to start quoting the corporation's stock again (assuming the corporation will have the filing deficiencies cured by the 28th?
It is better to wait for years if necessary for a small chance at a comeback instead of taking a near total loss today.
Personally, unless the stock is a zombie with no corporation still in existence to support the ticker, I am betting that greed of the corporate officials will cause them to find a way to reactivate their gravy trains (aka their share dilution machines).
OTC Markets rate APPZ as an OTC Pink/No Information stock, meaning that the company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.
OTC Markets also flags APPZ with "Delinquent SEC Reporting" and having a "Prohibited Service Provider".
On the positive side, OTC Markets also flags APPZ with having their "Transfer Agent Verified" not that much is required to have a transfer agent with a stable address and a phone line that still is in working order.
The individuals who run Monster Arts, Inc. must decide if they want to get their paperwork in order, OR if they want their share diluting gravy train to permanently dry up.
It is pretty clear that the SEC and OTC Markets and the rest of the financial industry is quite prepared to leave Monster Arts, Inc. and its APPZ ticker in the dust.
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Transfer Agent Verified
Share data displayed on www.otcmarkets.com alongside a "Transfer Agent Verified" logo has recently been verified by the company’s transfer agent as reliable and trustworthy. This data is also disseminated through OTC Markets Group's market data feeds to investors and broker-dealers.
The Transfer Agent Verified Shares Program provides investors current and reliable share data. The program enables stock transfer agents to report their clients' share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer.
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Prohibited Service Provider
The Prohibited Service Provider List includes attorneys, accountants, auditors, investor relations firms and other service providers that have been convicted of criminal activity, are subject to an SEC or Penny Stock bar, or OTC Markets Group has determined that it cannot rely on their work. Attorneys that appear on this list may not provide Attorney Letters with respect to Current Information pursuant to OTC Markets Attorney Letter Guidelines.
Has anyone yet identified brokers who have established access to the Expert Market where all of the OTC Pink/No information and Gray Market (and probably OTC Caveat Emptor) tickers will be tradable?
For those doing sub penny bottom of the basement trading, losing access to OTC Caveat Emptor tickers was bad enough. Now also losing access to OTC Pink/No information tickers rather tip the balance so moving off the retail brokers like E-Trade now makes sense.
If retail brokers like E-Trade were smart, they would offer qualified access to the Expert Market to their customers but E-Trade can barely even manage to answer the phone these days so it is unlikely they will spin up a new trading interface, or a modification of their existing trading interface.
Is anyone else still holding restricted shares given as a dividend from 10/22/2013?
https://www.usenergyinit.com/u-s-energy-initiatives-20-stock-dividend-and-the-record-date-is-friday-november-15-2013/
U.S. ENERGY INITIATIVES 20% STOCK DIVIDEND AND THE RECORD DATE IS FRIDAY NOVEMBER 15, 2013
SANTA CLARITA, CALIFORNIA November 12, 2013 (PRNewswire) – U.S. ENERGY INITIATIVES CORPORATION INC (OTCPink:USEI) is pleased to announce today that FINRA HAS APPROVED a 20% restricted stock dividend for all shareholders of record on the Company’s record dated which is this Friday November 15, 2013. The dividend will be added to the shareholders’ existing shares on the pay date which is December 2, 2013.
All shareholders of record owning USEI common shares on November 15, 2013 shall receive a 20% dividend which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on November 15, 2013, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.
According to Anthony Miller, CEO, “We have been working hard on a number of new projects to bring added value to the Company and we believe that U.S. Energy Initiatives has a bright future ahead. This dividend and the increase in authorized preferred shares are slated to be instrumental to our growth strategy. Management believes that the preferred shares are the key to bring new value and non dilutive financing to the Company and believes that its current and contemplated strategic partnerships are key to restoring this company to a prominent position in the energy sector. We will continue with the revenue model (producing biodiesel) we have previously released in introduce significant new ventures in the coming weeks” commented Miller.
About U.S. Energy Initiatives
U.S. Energy Initiatives Corporation is a diverse (publicly traded Symbol: USEI) energy firm, that has a long history of developing hybrid fuel systems. Management’s new goal is to develop new technologies and to build a dynamic energy firm. From 2013-2014 U.S. Energy Initiatives will center on the bio-fuels, then later its oil and gas technologies. We have decided to take this path because it provides us with the most successful path possible. We have formed joint ventures with two (2) companies that have significant success in this field, and these relationships are those that will fuel our growth. Our goal here is to become an environmentally responsible energy firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders
DISCLOSURES: “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause USEI’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Contact: Investor Relations
866 922-1116 or info@usenergyinit.com
Website: www.usenergyinit.com
By amiller in Industry News on November 12, 2013
Anyone know what brokers WILL still allow a customer to purchase Caveat Emptor securities?
Why were OTC Markets so busy on Friday?
Overall daily volume on OTC Markets has been around 10 billion to 16 billion shares traded every day for several weeks.
On Friday (11/27), the day after Thanksgiving, it was a short trading day because the market closed early.
Daily volume was still over 24 billion shares.
Does anyone have ideas regarding what drove the increase in Friday's volume?
"5x6 within 30 mins"
-- retireat40
During the great toilet paper shortage of 2020, I wonder if anyone managed to get DNA Brand's transfer agent to send them individual stock paper certificates so that the DNAX stock could be put to use for its only real usage.
No one probably cares at this point, but the O/S is now almost 3 billion shares.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071247858&fileId=20201013998
"You have to call E-TRADE to place an order for DNAX"
"Yea I like the SS I loaded .001 yesterday and will be buy more soon later on today"
How many days before DNAX only trades in the trips?
Not many, I am guessing.
With only 95 thousand shares traded, it is not really possible for anything to be going on here.
It should be no surprise that what DNAX shareholders receive on Halloween is not going to be a treat.
"Emerging? Hahahahahaha.. Nothing is emerging withDna.. Absoulty nothing...well maybe another reverse split hahahahahahah"
Only seven ticks left before DNAX lives in the trips again.
"We should see a push into the .0030s by Monday IMO"
$0.0019 per share × 6 shares traded = $0.0114
Does your broker charge 2 cents for this trade (not counting fees and commissions) or does your broker round down to a penny?
Hahahahahahahaha!!!
Nice afternoon dip on its way back to trips.
Volume is at 1 share at $0.0025.
How does one even buy a quarter penny worth of stock?
"A company with no revenue and 1 and a half employees wants to sell 125 million shares at 10 times the current price?"
How is that three month trend for the PPS?
Ha! Ha! Ha!
"What does he mean by "returning shares to the treasury"?"
It only takes Adrian a few minutes to get on the Colorado Secretary of State's web site to upload amendments to the Articles of Incorporation which modify the A/S or O/S as desired.