Thursday, May 18, 2017 7:11:11 PM
grey stock for those who dont know is still tradeable- within the parameters of the continuing dtcc chill-since brad apparently never did anything about such chill.
But brokers are forbidden from giving quotes in a grey stock - the ask and bid process- so to trade such stocks u have to do so blindly without the aid of such quotes - and in this case only if u have a piece of a hard certificate. Somebody -possibly geo-who had a hard certificate-sold such a long time ago and there have been occasional hard stock certificate trades since-sometimes once every 3 weeks.
govt hasnt figured out a way to illegally confiscate such certificates yet.
the number of grey stocks on otc.com varies widely- one time when i looked it was over 10000 stocks - which usually exceeds the number of non-grey stocks on otc.
it is possible cwrn holders will get something for their stock- anywhere from a financial settlement w geo in the california arbitration case (cwrn's complaint alleged geo had profited up to ca 5.3 million from improperly trading restricted by contract stock -part of which allegedly caused the dramatic 2011 pps drop-so stock holders of record at that time may receive something and there are other possibilities -possibilities which are not any more remote than all the unprecedented illegal takings against longs.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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