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Bid and ask have grown significantly today. Bid now over 500 million, it was in the 200s earlier today. It's still a ways away from August 13th so .0002s could still make their appearance, my .0002 order is in.
Nice green bars of late.
The TDAmeritrade list I mentioned in my last post, as an active link (it's one heck of a lot of stocks, are you in any, you sure you want to stay in them?) https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf
August 13th is the date TDAmeritrade stops filling buy orders for most of the triple zero, double 00s we trade, FTEG is one of the comparative very few that they will continue to take buy orders because they're Pink Current, unlike most all of the rest. Thus maybe next week and some of the week after (perhaps) we could be dealing with .0002s, after that, well how many triple zero pink current stocks with a following are there? Less than 10 I think. Again TDAmeritrade won't take buy orders for hundreds of other microcaps starting August 13th!! (Assuming TDAmeritrade doesn't change their mind.) Are other brokerages following suit? I don't know.
Is FTEG or noteholders going to keep dumping? I wrote them an email today explaining the below notice from TDAmeritrade so if they didn't already know it they should stop selling now and wait for their stock to be more in demand, hopefully by later next week or the week after that, (maybe sooner?)
The notice from TDAmeritrade:
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
What this means for your account(s).
You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf.
You have multiple options to consider, such as:
Take no action. You are not required to sell these securities; however, starting August 13, 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.
Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.
Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of TD Ameritrade. If you are interested in transferring the assets, please submit any outgoing transfers requests to us. (These transactions may incur fees or commissions, depending on the asset type.)
Have Questions? Need Any Help?
We're here for you. Just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.
Sincerely,
TD Ameritrade Client Service
The Securities and Exchange Commission (SEC) amended Rule 15c2-11 under the Securities Exchange Act of 1934 on September 15, 2020. It regulates how broker-dealers initiate or resume pricing quotations for certain securities traded in the Over-the-Counter (OTC) market.
The list of restricted securities is subject to change at any time. You will be responsible for any trading decisions, including any tax consequences of such trades, and agree that TD Ameritrade will not be liable for any future appreciation of securities that were sold.
OTC Markets Group is a third-party financial market that provides price and liquidity information for over-the-counter traded securities. TD Ameritrade is not liable for the accuracy, errors, or omissions provided by third-party resources.
TD Ameritrade does not provide tax advice. We encourage you to speak with a tax-planning professional about your particular situation
Looking like the .0003s could be taken out. Keep some money left to buy .0002s.
It will be interesting for sure. Maybe an announcement about it comes next month, it could shake up things for sure, lots of PRs may come out by those corporations as they try to look like things are okay, TDAmeritrade hopefully will lift their August buying restrictions.
It will be interesting to watch if an "Expert Market" is announced. There's still a lot of speculator's money out there in Stop Sign OTC stocks so OTCMarkets.com may feel pressured to do it.
Definitely! Thank you for your fine posts.
Another great point!
It's a good point, unfortunately these pinks down here do plenty of reverse splitting, maybe not after they move up significantly in price, whenever that is.
"Pink is the new fall color" Nice saying Darron. As I understand it the possible new (or expanded?) category you speak of is the "Expert Market".
"Directionally challenged", that's a good one. Sadly I've been in a lot of those stocks.
"Cybersecurity Innovator World Health Energy Holdings Appoints Dr. August Hanning, Former Director of Germany's Federal Intelligence Service (BND), to Advisory." (July 13, 2021) https://www.globenewswire.com/news-release/2021/07/13/2262133/0/en/Cybersecurity-Innovator-World-Health-Energy-Holdings-Appoints-Dr-August-Hanning-Former-Director-of-Germany-s-Federal-Intelligence-Service-BND-to-Advisory-Board.html
Pink Current triple zero stocks include (or are?) WHEN, CBDL, GNCP, FTEG, INCT, TMGI, BDGR, MDCN.
WHEN sure moves easy.
Hello, say what's the latest on the date of any reverse split? Is a reverse split in the coming months even definite? Thank you.
There are so few pink current triple zero stocks and WHEN is one.
WHEN - .0004 x .0005 - Pink Current - moves real easy - news today - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165130899
Reverse split was announced this month but the date that it will occur is unknown. https://investorshub.advfn.com/World-Health-Energy-Holdings-Inc-WHEN-2169/
WHEN - .0004 x .0005 - Pink Current - moves real easy - news today - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165130899
Reverse split was announced this month but the date that it will occur is unknown. https://investorshub.advfn.com/World-Health-Energy-Holdings-Inc-WHEN-2169/
News from it's past - https://www.otcmarkets.com/stock/CBDL/news
News from it's past - https://www.otcmarkets.com/stock/FTEG/news
Stealth accumulation, interesting.
Looking like a dump day, yet another 98 million sold at the bid.
Maybe the mortgage-backed securities tightening has already begun?
"Another way the Fed is tightening more than it is easing can be seen in the fact that, while it continues its government bond purchases at the same rate, it is backing off of its purchases of mortgage-backed securities [MBS]. In the last week of June, for example, the Fed added $20 billion in government securities to its balance sheet, while it sold off $35 billion in MBS." insert-text-here
Maybe the mortgage-backed securities tightening has already begun?
"Another way the Fed is tightening more than it is easing can be seen in the fact that, while it continues its government bond purchases at the same rate, it is backing off of its purchases of mortgage-backed securities [MBS]. In the last week of June, for example, the Fed added $20 billion in government securities to its balance sheet, while it sold off $35 billion in MBS." insert-text-here
The bid of .0001 has over 6 billion shares on order. Wow!
Well put Darron427.
OTC Markets Group Answers Frequently Asked 2-11 Rule Change Questions -
Great post Darron427, thank you.
If it's no bid it could be difficult to sell any stock, including .0001s.
It's a long way to no bid. I believe the bid was around 4 to 5 billion. That has to be gone for it to be no bid. But after September 28th that won't matter unless they get current.
Here's a videoclip on it -
A yield sign on otcmarkets.com. https://www.otcmarkets.com/stock/RBNW/overview
Here is more info on that:
"Limited Information
Companies with Limited Information status on OTC Markets are delineated by a “yield” sign and post some financial and basic information on the company on the OTC Markets website, but either do not report to the SEC or do not include enough information to satisfy the Current Information requirements. The following minimum disclosure is required to maintain Limited Information status:
Maintain quarterly and annual reports that are no older than 6 months and that include a balance sheet, income statement and total number of issued and outstanding shares;
Financial statements must be prepared in accordance with GAAP; and
The company profile page on OTC Markets must be current and accurate.
In addition, to maintain Limited information status, a company must subscribe to the OTC Disclosure & News Service with an annual fee of $4,200 and a one-time set-up fee of $500."
http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/
RBNW has a yield sign on otcmarkets.com. https://www.otcmarkets.com/stock/RBNW/overview
Here is more info on that:
"Limited Information
Companies with Limited Information status on OTC Markets are delineated by a “yield” sign and post some financial and basic information on the company on the OTC Markets website, but either do not report to the SEC or do not include enough information to satisfy the Current Information requirements. The following minimum disclosure is required to maintain Limited Information status:
Maintain quarterly and annual reports that are no older than 6 months and that include a balance sheet, income statement and total number of issued and outstanding shares;
Financial statements must be prepared in accordance with GAAP; and
The company profile page on OTC Markets must be current and accurate.
In addition, to maintain Limited information status, a company must subscribe to the OTC Disclosure & News Service with an annual fee of $4,200 and a one-time set-up fee of $500."
http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/
Latest contact information according to OTCMarkets.com. https://www.otcmarkets.com/stock/GARB/profile
Last I heard those folks on OTCMarkets.com were separate from Dan Burda. I don't know what's going on and to be honest I lost $1,700 on this stock.
I was fearing the worst for GARB but here is a possibility as well for lots of these stocks including GARB:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164704952
I haven't seen any information as to if it's going to happen though. If someone sees it's a go please let me and other know.
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
What this means for your account(s).
You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf.
You have multiple options to consider, such as:
Take no action. You are not required to sell these securities; however, starting August 13, 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.
Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.
Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of TD Ameritrade. If you are interested in transferring the assets, please submit any outgoing transfers requests to us. (These transactions may incur fees or commissions, depending on the asset type.)
Have Questions? Need Any Help?
We're here for you. Just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.
Sincerely,
TD Ameritrade Client Service
The Securities and Exchange Commission (SEC) amended Rule 15c2-11 under the Securities Exchange Act of 1934 on September 15, 2020. It regulates how broker-dealers initiate or resume pricing quotations for certain securities traded in the Over-the-Counter (OTC) market.
The list of restricted securities is subject to change at any time. You will be responsible for any trading decisions, including any tax consequences of such trades, and agree that TD Ameritrade will not be liable for any future appreciation of securities that were sold.
OTC Markets Group is a third-party financial market that provides price and liquidity information for over-the-counter traded securities. TD Ameritrade is not liable for the accuracy, errors, or omissions provided by third-party resources.
TD Ameritrade does not provide tax advice. We encourage you to speak with a tax-planning professional about your particular situation
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
What this means for your account(s).
You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf.
You have multiple options to consider, such as:
Take no action. You are not required to sell these securities; however, starting August 13, 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.
Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.
Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of TD Ameritrade. If you are interested in transferring the assets, please submit any outgoing transfers requests to us. (These transactions may incur fees or commissions, depending on the asset type.)
Have Questions? Need Any Help?
We're here for you. Just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.
Sincerely,
TD Ameritrade Client Service
The Securities and Exchange Commission (SEC) amended Rule 15c2-11 under the Securities Exchange Act of 1934 on September 15, 2020. It regulates how broker-dealers initiate or resume pricing quotations for certain securities traded in the Over-the-Counter (OTC) market.
The list of restricted securities is subject to change at any time. You will be responsible for any trading decisions, including any tax consequences of such trades, and agree that TD Ameritrade will not be liable for any future appreciation of securities that were sold.
OTC Markets Group is a third-party financial market that provides price and liquidity information for over-the-counter traded securities. TD Ameritrade is not liable for the accuracy, errors, or omissions provided by third-party resources.
TD Ameritrade does not provide tax advice. We encourage you to speak with a tax-planning professional about your particular situation
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
What this means for your account(s).
You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf.
You have multiple options to consider, such as:
Take no action. You are not required to sell these securities; however, starting August 13, 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.
Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.
Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of TD Ameritrade. If you are interested in transferring the assets, please submit any outgoing transfers requests to us. (These transactions may incur fees or commissions, depending on the asset type.)
Have Questions? Need Any Help?
We're here for you. Just reply to this message to write us, or call Client Services at 800-669-3900. We're available 24 hours a day, seven days a week.
Sincerely,
TD Ameritrade Client Service
The Securities and Exchange Commission (SEC) amended Rule 15c2-11 under the Securities Exchange Act of 1934 on September 15, 2020. It regulates how broker-dealers initiate or resume pricing quotations for certain securities traded in the Over-the-Counter (OTC) market.
The list of restricted securities is subject to change at any time. You will be responsible for any trading decisions, including any tax consequences of such trades, and agree that TD Ameritrade will not be liable for any future appreciation of securities that were sold.
OTC Markets Group is a third-party financial market that provides price and liquidity information for over-the-counter traded securities. TD Ameritrade is not liable for the accuracy, errors, or omissions provided by third-party resources.
TD Ameritrade does not provide tax advice. We encourage you to speak with a tax-planning professional about your particular situation
Thank you for letting me (and others) know Slojab.
Noting the difference between this stock and RBNW. RBNW is "Yield", I believe that protects it. https://www.otcmarkets.com/stock/RBNW/overview
"It's on the list with about 6,000 others, which covers about every penny stock out there. For some reason, I don't see RBNW on it, go figure."
My guess is that there are a number of traders who did not own stocks it pertains to when that email was sent out, and did not yet know that.
Thank you for posting that Retail Long! Important post for traders.