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Re: freddie me post# 7567

Sunday, 11/24/2019 8:41:00 AM

Sunday, November 24, 2019 8:41:00 AM

Post# of 19488
Broker used

I used TD Ameritrade. HYCT is listed as 'grey market' so there is no bid/ask that shows on the automated system like with other stocks or the warrants under HYCTW.

I even had problems putting in the order since the price lists at $0.0000, most systems will give a warning that the price you are entering is far from the last price so I had to start the bid at $0.0001 and raise it from there in 0.0001 increments. Eventually it let me raise the price to $10 for one share and I left the order there for a while.

Somehow, the order went off on 10/30/2019 at $0.011. I was so not expecting the order to ever get filled that I did not notice for a few weeks and was sort of dazed when I finally realized HYCT was part of the positions list ojn the account.

Now, while it is good that apparently it is possible for the retail market for get HYCT shares, I do consider it a 'not good sign' that the trade went off at such a low price since it may mean that even though old debt holder got most of the NewCo common shares in the reorg that the value of the NewCo common is being 'swampped' by the debt on the balance sheet.

Hopefully, if (when?) there is a large raise with the price of gold, the debt covered, then the extra will all show up in common.

Louis J. Desy Jr.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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