lowtrade

[lowtrade]

Never believe the PR story, trade retail reaction to it.
My OTC #1 rule for trading.

(Blackout) Voip-Pal has notified the affected broker dealers, stock clearing firms, and all affected shareholders. The transfer agent for Voip-Pal has been informed and instructed not to process any transfers during the Blackout Period involving all covered persons and/or entities.

NEVER heard of this happening before. Find it highly improbable there is any laws, rules, or way a company can stop the open market from taking and closing individuals market orders. Besides insider trading is over seen by the SEC, and I don't know of any laws or rules that they can do this either. Insider trading is illegal, and rules are in place. But to my knowledge they don't restrict, they punish. A all insiders know better thing. Do it, get caught, go to jail. But stopping them from trading?? Never heard of that.

That's like stopping a race driver from driving, because they know how to speed better. Never heard of revoking their drivers license.

But it does sound good, if you think a reverse merger will increase share price. Typical OTC Smoke & Mirrors PR, to imply a positive sentiment in the retail herd. IMO a bull chit PR.

Not saying the company didn't do what they PR'd. Actually they should, to protect themselves from SEC punishment for misleading news releases. But There is no way the organizations mentioned can deny open market trading to specific individuals because the company said so, to my knowledge. The SEC either. SEC can halt all trading, not just some.

Where's BigBake1 ? Maybe he can correct me, if I'm wrong. He knows regulations better then I. I don't think I'm wrong. To many years of experience without seeing this happen before.