lack of financials hurts
I told a friend about Calmare and he expressed interest at these rock bottom prices,whether because there was this rise from 8 cents to 14 cents or because he thinks that the opioid epidemic might boost this stock.
He called me today to tell me he was unable to purchase the stock via his Fidelity brokerage account because even if he is permitted to buy Pink Sheet stocks, they will not allow trading in CTTC.
I do not know the rules that are bing imposed, but he was told that it has to do with liquidity and maybe absence of financial data for this company and, in this instance, a conservative brokerage house.
Obvously CM does not care since he gets his shares from the company directly, but you have to wonder who is doing the trading and what houses they are using? Any thoughts.
My only thought is that lack of transparency provides another nail in the proverbial coffin
