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I think they have killed it forever. The types of gains percentage wise, that used to be made in this market is now a thing of the past. This is what "Big Brother" wanted.
Are certain individuals going to be able to buy shells that are showing activity at a low, fixed price and then set the ask sky high once the stock is pink current? I do not like what I am seeing at all. They have killed this market for me.
We need to watch the activity around "expert market" stocks in the future. Who are the privileged ones being allowed to buy these stocks upon custodian filings/ reinstatements? (like we once could). How is this NOT illegal? How is this not rigging the game? I will be interested to see what lawsuits transpire.
Good post, Creede. Thanks. If this is the case, maybe when the lawsuits begin we will see them reverse course.
This is how they killed custodianship/reverse merger plays (the most lucrative plays in the OTC). We must wait for the new ship to get it's paperwork updated and in order for the new captain to start making reservations for the new sea members (shareholders). By the time that happens, there is a long line of people wanting reservations and they are way overpriced. Reverse mergers were my main plays. It sucks.
The SEC did not say that we could not purchase these stocks... but they forbid broker/dealers to sell them to us, and they would face repercussions by doing so. That is my understanding.
It's a mess. Hope it gets cleared up soon. I really hate that they have screwed our market....have a good weekend.
From what I have seen thus far.....many of the low floaters that are going from Pink No Info to Pink Limited Info or Pink Current have an enormous spread between a low bid and astronomical ask price. One cannot pick up a single share. I am not seeing the opportunity.
Hmm. Interesting. Thanks for the info.
Alot of money flowed through the OTC. "Big brother" did'nt like seeing the little guy make out well so we got what you are seeing now. The AMC fiasco did'nt help matters any. I like your optimism.....but the future looks bleak. The only way I think this casino will survive is if the SEC reverses course. The chances of that happening are slim and none.....and slim is walking out the door by the end of Sept.
Me too, Custodianships/reverse mergers are the plays that many times make those gains of sometimes thousands of percents. The SEC pretty much chopped our balls off. Those plays are dead.
Agreed. It is disgusting how they have killed our OTC markets. Very depressing. No positive way to spin it.
What is the catalyst? Not a shell. No change in ownership.Nice share structure but what is the speculation here?
Yeah. Looks like things are really shaping up. Plenty of "real" OTC companies with billions of shares outstanding and NO catalysts. I see plenty of traders on Twitter pumping garbage already.....telling their followers that billions of shares outstanding is a "great share structure" and to have patience because the OTC is about to come alive LMAO. Future is bleak. The days of 1000% gains are toast.
I think that is the goal. Napco Security Technologies has a market cap of over $700 million with similar revenues. I think we could see double or triple that share price.
Other Lazar stocks running hard....this will have it's day.
Still a great comparison....thanks for reposting.
NSCC was a great comparison btw.....
We will have to wait for more financial details.....but this has the potential to be a $10-20 stock.
No prob....thank you.
Thanks for the quick reply. Something may be happening with NIMU.....it is now pending reinstatement http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=NONINVASIVEMONITORINGSYSTEMS%206817062&aggregateId=domp-681706-93eecf7a-c32f-487c-b9b9-de40ae365acc&searchTerm=Non-Invasive%20Monitoring%20Systems%2C%20Inc.&listNameOrder=NONINVASIVEMONITORINGSYSTEMS%206817062 I bought a few at open. I like the share structure. Perhaps they have another merger lined up.....
Whatever happened with IRA Financial Group? Did the merger fall through?
Yes, it will. In the future you will not be able to buy shares in a custodianship play until the custodian brings in pink current. That bites into a major part of the timing of these plays and a big chunk of where the money is made.
Oh I agree.....I hated what TDA did.
So, from this conversation you can see that they clearly lied to you. At first they told you it was not DTC eligible but in this exchange they told you that it was they, themselves.....Tradestation that changed the policy. I would send them a copy of the two email exchanges where they LIED to you. I would contact ETRADE who still seems to be penny stock friendly and tell them about your situation. Perhaps they will allow you to transfer your shares. If it were me I would be threatening to sue the pants off of them. If all else fails....this company WILL be uplisting to Nasdaq and your broker will have no choice but to sell your stock at that time.....for MUCH HIGHER prices.
It's not TD Ameritrade she is talking about.....the broker is Tradestation. https://www.tradestation.com/
If it weren't, no broker would be trading it. Your broker is lying to you for some odd reason.
Not factually incorrect. Current designated shells have an 18 month extension. Future custodianship play/ shells will have to be brought up to being pink current and quoted before you can buy. You will no longer be able to buy upon a motion for custodianship filing or reinstatement. I don't like it any more than you will. That is where all of the money is made. Those catalysts.
You do realize that custodianship plays are going to be pretty much dead in the water with new SEC regulations, right? You will not be able to buy upon reinstatement filings, or motion for custodianship. You will not be able to buy until the shell is caught up on filings and pink current. Killing all of the profits we used to make in these.
Insiders.....they will not be made available to the retail public.
At one time TD Ameritrade did (back when they were the go-to broker for penny stocks) but not anymore. Now they are probably the worst.
XNNHQ best share structure/PPS. Only 50 million shares authorized. Overlooked and undervalued.
Like I said before, politicians have never helped anything. If they can't even keep the lights on in your state how in the hell do you expect them to help a biotech company?
ROFL....
Normally i'd agree with you about Pfizer and Moderna and the possibilty of them paying people under the table.....but Covid is a new animal. This thing could end up destroying economies and wiping out the human race if it keeps mutating to the point of no return. Even the sleaziest of politicians don't want that (I think, LOL).
Nothing would surprise me anymore, to be honest.
It was just reported on Yahoo news that we may be only a few mutations away from evading the vaccines. NOT GOOD. I am now hoping that ENZC's treatments will indeed be a cure and not just for my own financial gain.
Agree 100%. The OTC is funny. People want to get rich quick. They can be all psyched up about a stock, but if it does'nt make them rich by the weekend they are all out. No patience. Some people have held stocks for 10 years. All this talk about contacting elected officials (who are all good for nothing) and television stations. Here is a crazy idea, why don't we let them develop their product and protocols first? Science is not rushed.
That's exactly what they would be doing. All this talk of contacting the media is impatient nonsense......
Great point....