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Get Ser, On the OTC site where Shell is now for KATX, I clicked on the Shell and it was defined as "A Company with no or nominal operations as declared in its SEC Filings." I believed OTC got info from SEC, that's all.
Will KATX be able to trade again with a Bid X Ask?
SHELL STATUS posted today for KATX with OTC and SEC. Does anyone know what this means now?
Looks like KATX filed another Form on 11/15/21 similar to the 10/4/21 Form that Acropolis tweeted. On 11/11/21 they tweeted they would respond to Regulators, maybe that is what they asked for.
Because ASTA filed so late(2 days before Sept.28), they may be one of the last ones to get PinkCurrent. This could take OTC 6-12 months to clear this up.
Not that it's a surprise,, it's the fact that OTC was not prepared for the onslaught of financials from over 2000 companies including ASTA, and ASTA filed around Deadline. Some Companies that filed months before ASTA are still waiting.
SEC and OTC have killed PennyStocks with this Crackdown. They knew there were thousands of NonCurrents all applying at the same time, instead of working things out individually and keeping everyone still trading. 20% of PennyStocks are shut down.
Anyone know why KATX is exploding today. PPS up to .0042(60% increase).Something is going on, maybe LLBO is next.
Why so long a wait for Audit completion? Is that all OTC is waiting for to get LLBO trading again if they have paperwork, and if Empty Shell, What are they Auditing? Very Frustrating.
Arn, I know it's not illegal, but it leaves the door open for MM's to minipulate the market where they profit for themselves. Now that PPS is so low because of $1.20 Sell yesterday, they can purchase at extremely low Prices and reap the Harvest when this gets current. That's all I am saying.
Custodian KAST is Pink Current and looks like it is headed back to Penny(.0255). Wonder what Acropolis is doing with this one and they are current already. LLBO road looks long. Anyone noticing this.
Arnie, Hard to believe all this is Legal with MM's and SEC. They sell for $1.20 and bring PPS down so they can purchase Shares at lower price. Just does not sound right. They probably do this all the time , but with so little trades it is very noticible.
Trade at 2:30 today>>>>> 3000 X .0004 = $1.20>>>>>That brought PPS from .0008 to .0004. This is embarrassing. Wonder what MM's purpose is for doing this.
Anyone selling at these prices has to be crazy. Might as well hold on now.
Just noticed, empty shell custodian stock KATX(.0026) has higher PPS than ASTA(.0024). The World is upside down.
Hope you are right Paydro, Some of these noncurrents are going down to between .0001-.0010, and no one knows how long this will continue with OTC.
PPS is getting dangerously Low>>>PPS hit between .0016-.0025 Today. Not Good.
Chaca, noone can BUY in US. LLBO has to get Pink Current soon. This is taking far too long regardless of OTC backup. Acropolis is like a Silent Partner.
Someone got 5.5 million shares at the open at .0002. What a gift.
This sounds like more for Regulators to look at before they make ASTA Current. What a nightmare.
GOFF got PinkCurrent today after submitting 2 months ago. So KATX should be hopefully Current by Dec.4 after submitting Oct.4. Then LLBO should be right after that. Sounds like 2 month process through OTC.
Acropolis says it is doing everything possible to get Current, but their is no Urgency Here. Who would have guessed in June when Acropolis took over Custodianship most would be unable to Buy shares of LLBO in U.S. headed into Dec.
StockRun, Most that sell at .0001 have to really be desperate for very little money. They are better off holding on to shares at that price. Again why would anyone sell at .0001? Even if they panic sell, it makes no sense. The total for trades for Wendesday was $84 Dollars.
Someone sold 284,720 X .0001= $28.47. WHY?
Thanks Stock, It is really scary to see .0001 as the PPS. Hard to believe someone would sell at that price.
GetSer.,Wonder what is happening with LLBO. Why .0001 today? Could this be a purchase at PAR(.0001), similar to the $40,000 Loan KATX got with Acropolis Purchasing shares at PAR(.0001).
If Acropolis is delinquent on KATX Filings, wonder what Custodianship Judge has to say about it. Where is the 10-Q for Aug. 31,2021? And they haven't even begun with LLBO yet. Same Boat, different Captain!
Over 2000 companies trying to get Current with OTC. That's 18% of all the Pennystocks in OTC. This could take awhile.
OTC has to be losing money with this crackdown on NONCURRENTS. Now they say over 2000 companies (18%) of all PennyStocks are filing to get Current. THATS A LOT OF REVENUE LOST FOR OTC! They should be working 24 hrs. a day,7 days a week to get this straightened out.
I know Acropolis doesn't worry about daily PPS swings, but KATX(.0016)might catch LLBO(.0010), and KAST is approaching Pennyland Backwards(.0295). I always thought Acropolis had more pull getting Financials completed and Mergers done. This is going on 20 weeks since Custodianship with LLBO.
With everyone able to Sell, Looks like Panic selling is happening. Maybe because of XMAS many need Cash. Just a Thought. This may take months to get PinkCurrent.
You can Sell in US also, just can't BUY.
Mick has no say in this at all. ASTA must wait for Regulators,OTC and SEC. for their turn just like Thousands of other companies. This could take up to 6 months.
Only way Mick could fix this is if he was in charge of OTC and SEC. He has 0 Pull here.
Is Hearing this week for Acropolis? Anyone?
GetSer, Thanks, I just did quick calculation, if Acropolis did the $40,000 Convertible Note for LLBO right now @.0007, I believe Acropolis could purchase 60 million LLBO Shares. They would make a bundle on that also. Is that what you see?
ASTA is so close to PPS hitting .0010's-.0020's. This has to get Pink Current Soon. It's Down over .015 from high of .0189!
Arnie, Message on different message board, message said they called OTC Friday 11/12/21, and asked how long to get off Expert Market, their answer was OTC looks at Filings, next is Filing Form 211 to FINRA, then they asked how long, Average 3-6 Months. Remember, this is happening with 1000's of Companies not current.
If this goes on another 3-6 months, ASTA could hit low for year at .0010. Hold on if you can.
Sounds like it is a 2 step process to get off Expert Market with OTC. OTC goes through Filings, then a Form 211 has to be filed with FINRA. Average timeframe is 3-6 MONTHS to get Current!