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Thursday, January 08, 2015 7:35:33 PM
So my first question is, which blindfolded OTC bureaucrat is responsible for the pricing function. My understanding is that the official closing price is derived from the last trade on or before 4pm, which in this case would be .0065.
But lets say they were to use the first after hours t-trade instead. In that case, the closing price would again be .0065.
Or that they were to use the last after hours t-trade instead. In that case, the closing price would still have been .0065.
So what they decided to do, instead, was to use the little t-trade somewhere in the middle of the after hours t-trade reporting, which also happens to be about 7% lower than the actual final normal trading hours trade, and that much lower than all other reported after hours t-trades. It also strips away nearly 40% of today's actual gains on GRCU.
On a positive note, it will virtually ensure that we remain in the green when we begin trading tomorrow. But the decision to use .006 as the official closing price for GRCU has about as much integrity, IMO, as that spectacular decision by the official in the Cowboys playoff game to pick up the potentially game altering pass-interference flag and stuff it back in his pocket.
Is there no longer any honor in financial markets? Just needed to vent a bit here...
![](http://oi60.tinypic.com/11t39me.jpg)
GRCU
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