Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL. Can somebody post the "new sheriff in town" video. Always cheers me up.
LOLOLOLOLOL
See. It all works out. Congratulations. Maybe we can get it down again tomorrow for you.
selling eh
MEOW
I missed the run to .10 lol
Let's see. SEC has been suspending trading of SEC reporting companies without up to date filings.
After 30 years in this business they generated $4,000 revenue last quarter.
They had $700 cash at July 31, 2020. They issued $100,000 more convertible debt the past 2 months.
The authorized shares is 20 BILLION.
LOL you know what's coming. It's going to be ugly.
They did squeeze out $4,000 revenue last quarter. LOL
4 more stocks suspended by SEC yesterday.
All with a stop sign and SEC reporting with past due filings.
Exactly like PFWIQ
weeeeeeeeeeeeeeee. another wave killa winner.
LOLOLOLOLOL
Awwww. Bounce time
I didn't give him time. I sold at .0215
weeeeeeeeeeeeeeee
The next half wave down will be a killa.
LOL
Chance of suspension?
Washington D.C., Sept. 16, 2020 —
The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure. The amendments are designed to modernize the rule, which was last substantively amended nearly thirty years ago, including to recognize advances in communications technologies. The amended rule enhances disclosure and investor protection in the OTC market by ensuring that broker-dealers, in their role as professional gatekeepers to this market, do not publish quotations for an issuer’s security when current issuer information is not publicly available, subject to certain exceptions.
“These retail investor-focused improvements to Rule 15c2-11 are long overdue,” said SEC Chairman Jay Clayton. “The technological advancements that have taken place since the rule was last amended enable us to require that information in the OTC market be more timely, enabling investors to make better informed investment decisions, and reducing fraud in these markets where retail presence is significant and, unfortunately, pump-and-dump and other frauds are too common.”
“The amended rule represents another important step in our tireless and proactive efforts to protect retail investors from being victimized by microcap fraud,” said Stephanie Avakian, Director of the Division of Enforcement.
Brett Redfearn, Director of the Division of Trading and Markets, said that “the amendments strike the right balance between promoting critically important investor protections while at the same time providing new exceptions that should make it easier for certain securities to develop a quoted market.”
Securities that trade on the OTC market are primarily owned by retail investors. Because broker-dealers play an integral role in facilitating access to OTC securities and serve an important gatekeeper function, Rule 15c2-11 requires broker-dealers to review key, basic issuer information before initiating or resuming quotations for the issuer’s security in the OTC market.
Prior to today’s amendments, certain of the rule’s previous exceptions permitted broker-dealers to maintain a quoted market for an issuer’s security in perpetuity, in the absence of current and publicly available information about the issuer, and even when the issuer no longer exists. Recognizing the ease with which information sharing takes place today, the amendments generally prohibit broker-dealers from publishing quotations for an issuer’s security when issuer information is not current and publicly available, subject to certain exceptions. Investors who have access to current and publicly available issuer information are better equipped to make informed decisions about how to allocate their capital and to counteract misinformation that can proliferate through promotions and other channels.
The amendments also are designed to enhance the efficiency of the OTC market and facilitate capital formation for issuers for which information is current and publicly available. Specifically, the amendments add new exceptions for certain OTC securities that may be less susceptible to fraud or manipulation, such as actively traded securities of well-capitalized issuers, and expand the scope of market participants that may comply with the rule’s required review of issuer information.
LOL Chinese CEO
weeeeeeeeeeeeeeeeeeeeee
30 years in the business. $4K quarterly revenue. LMFAO
$500,000 convertible debt.
LOLOLOLOLOL
LOL OK
China stock. LOL be careful
Looks overvalued
OUCH
LOl that's not happening
China
LOL enjoy
SPLAT
Desert Sky Fitness
545 Christy Drive, Greenwood, In
Interesting Google photo if this is the place.
LOL
Fill that gap
Oh well
Thanks for the dead cat bounce.
Let's do it again sometime. lol
No...it won't.
Subtracted at .0215
OUCH. LOL
LOL.
LOL.
Out at .0215
you mean us stupid ones that sold over .02?
I have. At .0215
Hello men and women. 8 BILLION OS.
When's the reverse split?
Big deal.
Oh Frazier. Down he goes. LOL