That article did not mention when the new rule goes into effect. Does anyone know that from a more direct source? EDIT: the SEC site says "effective 60 days after publication in the Federal Register" ANOTHER EDIT: Here is the link the the new rule on the SEC site https://www.sec.gov/rules/final/2020/33-10842.pdf
As to your first question - some Lazar stocks are current in their financials, others are not. One of the things he does is get the financials current.
As to your second question, I don't know as I don't follow XNNHQ. If the financials are current there, the rule benefits ZNNHQ, otherwise it is not good for XNNHQ.
Being "current" has always made a penny stock worth more than if not. This gap may widen if it becomes hard to get quotes for non-current stocks. If the rule is interpreted to mean "brokers can not provide a quote if the stock is not current" it will become MUCH harder to trade DL shells in the early stages of their rehabilitation.
If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!
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