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This one can fly fast. Look at the volume vs. Gain.
Doesn't take much.
I already tried to explain that to him. Didnt get anywhere obviously lol
.04+ today?
Bidders will keep inching up.
1M bid at .014.
And the current market cap is peanuts!
Holy shit!! EXCELLENT DD! Crazy potential here!!!
There she goes.
00s will be history shortly.
Not much left under .01.
Comparison:
Our market cap is $567,000
------
This other stock. Same situation, from the grey market to the pink market.
The market cap for this one is $2,550,123 and still looks to go higher.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Ctyx&insttype=&freq=1&show=&time=8
lol, I give up. Have a good day.
In order to resume trading normally, on the Pinks or OTCMarkets’ OTCQB tier, the company must find a market maker willing to file a Form 211 to enable it to regain compliance with Rule 15c2-11. The form looks simple enough, but it is not. And there’s a special section asking whether the issue has been subject to a trading suspension. When an MM files a 211, it assumes liability. For that reason, they are not generally willing to sponsor a company that’s been suspended unless they have very good reason to believe the SEC will not be bringing a further enforcement action.
https://www.securitieslawyer101.com/2019/sec-proposes-rule-15c2-11-changes-form-211/
Google it.
The bankrupt company is long gone, kaput, gonzo, history, no more, exc.
All you have to do is read the 8K I posted earlier. Are you that naive?
It's a shell that someone is bringing back to life for a reason.
Understand yet?
VWAP Friday was .0087.
Again, MCELQ is an entity that someone is apparently going to do something with.
That's the reason for the effort to bring it off the grey sheets.
From 2008.. https://www.otcmarkets.com/filing/html?id=6118276&guid=B9GjU6dE6TySbth
The Company requested a review of the
Staffs determination before the Listing
Qualifications Hearings Panel, but withdrew its request for a hearing on June 11, 2008 and trading in the Companys securities was suspended on June 13, 2008. The Staffs Determination to delist the Company became final on June 13, 2008.
This is not a BK play. The company that traded under this ticker in the past went BK hence the Q.
MCELQ is a shell now and someone is bringing it back from the dead for a reason.
This is a shell, period. The excitement here is that someone went through the trouble to bring the ticker back to life. There are no patents that come with it.
https://www.finra.org/filing-reporting/otcbb/otcbb-forms-documentation
Form 211
Market Makers must complete this form to initiate or resume quotations in a non-exchange listed security on a quotation medium. By completing this form, a market maker is representing that it has satisfied all applicable requirements of Securities Exchange Act (SEA) Rule 15c2-11 and the filing and information requirements of FINRA Rule 6432. It is not necessary to file this application if an exemption applies.
In order to access the form in Firm Gateway, firm users must ask their Super Account Administrator (SAA) to provide them with either Submit or Read-Only entitlement.
If you have questions regarding the electronic Form 211, please call the OTC Compliance Unit at (240) 386-5100. For assistance with entitlements, contact the FINRA Gateway Call Center at (800) 321-6273.
Access the form. Users will need to log into Firm Gateway, click on the Forms and Filings tab at the top of the page and select Form 211.
Rule Filing: Proposed Rule Change to Implement a New Electronic Form 211
Regulatory Notice 17-26: FINRA Adopts New Electronic Form 211 for Purposes of Compliance with FINRA Rule 6432
Prove it.
VWAP .0087.
There are no assets or liabilities anymore, this is a shell. Someone is bringing this back from the dead and there has to be a good reason for it.
Obviously, a reverse merger is in the works.
Did you even notice the grey to pink move?
That is extremely rare. I'm only aware of 3.
shhhhhhh
More to come here timmage. You know about the new one right?
I think the only reason that T V C E didn't hold up was because it's still shows up as CE on OTC Markets.
Grey to pink stocks are where to be right now. Not many out there at all and we have one of them early.
I believe that we are gonna make some serious gains from this level in the short term.
Our current market cap is $563K....
C T Y X Is doing quite well and it looks to have more to go. It currently has a $2.7M market cap.
Same situation on both. Grey to pink.
Let's get over .05 next week.
Everything under .013 will be history next.
Crazy not to be in this one early consider how the other grey to pinks are performing.
Damn. Never even noticed that one.
They never learn.
Board marks were 28 earlier. .01 bid, we're through.
Apply diapers.
Last cal for sub .01 shares.
Here we go!
ABCE Very good sign.
Looks ready to go now.
All bidding MMs at .0063 and above.
The writing is on the wall here..
^^^^^^
Interest growing. People are trying to get cheapie before it takes off.