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Re: CircleDork post# 105024

Friday, 08/28/2020 8:43:41 PM

Friday, August 28, 2020 8:43:41 PM

Post# of 116612
I guess you haven't been paying attention to what's been happening lately.....here's just ONE example:

$WYPH. Was Grey. Then out of the blue she goes 'No Info'.

AND if you check Level 2, there are Market Makers!!

Now, I thought that was a tiny bit strange, so I checked with OTCMarkets.

Here's their response:

The company is trading on the Pink Market on an unsolicited basis, due to specific interest by customers. If this interest by customers were to stop and broker dealers pulled their unsolicited quotes the company would be placed back on the Grey Market.



AND:

Publishing unsolicited quotes allows a broker/dealer to meet an exception to Rule 15c2-11, which requires a broker to have in its possession current information, including financial information, about the issuer of the securities . To avail itself of this exception to SEC Rule 15c2-11, a FINRA member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest.



Now it seems to me that $RBII has some 'specific interest by customers'..lol....and no doubt a market maker will find a way to meet the 211 exception.......

And it's MY GUESS that the reason the SEC wacked their pee pee, so to speak, in the first place, was because certain shorting crews rang the SEC's phone off the hook...OR had friends at the SEC, and got the SEC to step in....

Make sense? .....I don't see the SEC randomly going out and suspending stocks willy nilly......they need to be proded in that direction.

My guess is $RBII will resume trading normally, in which case I sincerely hope these short aholes get their 'shorts' burned off....figuratively speaking....lol

z

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