David Lazar's OTC SPAC's/CUSTODIAN Plays

[creede]

Exactly. It's not that big a deal.

The OTCM is not an exchange nor a regulatory body. It's just a listing service.

Even if a stock goes grey (or expert) it's not the end of the world.

Previously one would need a market maker to file a new Form 211 (and then FINRA to approve it) to return to the Pinks.

Now that isn't even needed. With a change in ownership it can be quoted for 18 months (as I understand it).

Or stocks can be quoted on an unsolicited basis as long as the order is from retail (so not a company insider or affiliate).

And guess who gets to decide at the end of the day?

The OTCM!

We all gotta simmer down. The sky certainly has not fallen!

The OTCM lives on and this rule made sure responsible custodians would not be effected.

imho