Emerging Penny Stocks

[GreekSeas0ning]

Things just sped up for SPACs on OTC read below:

Important update on OTC SPAC plays

https://www.sec.gov/news/press-release/2020-212

For new guidance:

"Providing a time-limited window of 18 months during which broker-dealers may quote the securities of “shell companies.”

This means all SPAC plays need to be done in 18 months or less

and

"Quote actively traded securities of well-capitalized issuers"

Meaning tickers cannot hold massive debts or deficits

and (from earlier in doc)

"Requiring that issuer information be current and publicly available for a broker-dealer to rely on the unsolicited quotation exception to publish quotations on behalf of company insiders and affiliates of the issuer."

Meaning needs to be current with more info from inside owners (we will know faster how much DL has stake in company)

*What this means for XMET is that there is even more incentive to get rid of those extra shares or to change par value and restrict them and to get this done by June 2020 the latest if not as soon as possible*