Thursday, June 25, 2015 7:57:44 AM
As long as CTP don't end up on the Grey Market, the share holder might have a chance to get out on the over the counter bulletin board or pink sheet. If it open on the Grey. Sell very quickly. It is hard to trade on the Grey sheet. You can't see a bid or Ask to trade by. You have to call your broker or a broker that participate in the Grey market trading to get the bid or ask if there is one. You can put a bid or ask out there, but the traders and shareholders can't see it. Only after the trade is made it will show up on the level 2.
The short can help some of the shareholders get out by covering their positions, but it doesn't last long. short also get caught up not being able to cover, because many shareholders hold on to their shares in hope that a solution will come alone to save them from losing most or all of their money on a stock in the Grey Market.
IMO, a BK is better than going on a grey market, at lease the stock might end up on a OTC market that has market makers and you can see the bid and ask. There is no pump and dump allow on a grey market.
Good luck to all.
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