David Lazar's OTC SPAC's/CUSTODIAN Plays

[Coreton]

That’s what I was saying, if it’s not quoted it’s essentially delisted with out the legal process. I was summarizing the effect. Either way if it is not quoted DL taking custodianship of that tick is worthless till well after the custodianship has terminated.

Not sure that makes it profitable for DL to risk his money and time on basically reinstatement and RM which would be the new pops for a custodianship.

It’s 2 years out for enforcement and I have seen a lot of these rules later get scrapped rescinded before enforcement was implemented.

Will be interesting to see how this works out.