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Re: chunky-g post# 52563

Friday, 09/06/2019 6:18:47 PM

Friday, September 06, 2019 6:18:47 PM

Post# of 71147
Sure. AREM and MLER are both tickers on the grey market that are trading without quotation. They spent the full 10 day suspension without trading and then reopened on the grey market with no bid/ask...exactly as LHAO will.

What you are seeing is what happens with the illiquidity of the grey market. Matched trades can move the price all over the map. But if someone wants to sell a meaningful amount of stock they won’t be able to without crashing the price.

This will never trade the same again. And given the run up in price recently it is highly unlikely to the point of impossible that this could return to the level it is now.

What will happen on the 19th is that is will reopen...we may see trades quickly or we may not depending on where the buyers and sellers are at looking for each other. It could tank significantly and then recover a little.

The day it reopens will be the highest volume trading day it will ever see again...over time it will become illiquid. The price could bounce around in completely unpredictable ways on even small trades...but after some little recovery it will start to deteriorate over time until it is revoked and the ticker disappears.

But there will be enough liquidity for a few days...perhaps even a few weeks for those who want to preserve some capital to be able to do so...since some will be buying that don’t fully understand that revocation is a virtual guarantee.

"Harsh reality is always better than false hope"

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