Bell Buckle Holdings (BLLB)

[Doctorday]

I've been searching for the past 30 minutes of where I read a full thread breakdown of new changes earlier today since they don't appear to be specifically labeled as new on the OTC Markets site. But from what I read, the new rules "should" only apply to companies that have not yet begun the process of moving toward becoming current, beginning with the application for OTCIQ access onward, so that aspect "should" not impact BLLB being that it has already been so deep into the process.

I say "should" in quotations because at the end of the day the process is entirely up to OTC Markets, so with them being the relative key-masters so to speak, they can pretty much demand whatever they want at the end of the day. It would seem that the most likely reason for such a delay has been due to the sweeping changes that we are seeing clear evidence of. Seeing rules changing to require more documentation and detail, plans spreading among multiple trading platforms to end access to CE stock purchasing, and 48 companies suspended just last Monday alone, is not at all the normal day to day enforcement actions against the OTC, so its not surprising to see how long it has taken when you look at the fact that the SEC is literally breathing down the necks of the OTC Markets Group, meaning the OTC Markets Group itself is being more strict and thorough than ever before for the sake of maintaining their own good standing with the SEC and the integrity of their market.

Overall though, the climate in general is significantly higher risk for any company that is not already Pink Sheets Current or greater. Initially it seemed that E-trade just made a standalone change in its decision on CE stocks months ago, which was followed by TD Ameritrade, but now with this massive SEC follow through striking down so many companies last week and likely more to come, it's clear that this was a more wide-range and more deeply involved clean-up.

I'm thinking that the fact that BLLB has a more expansive line-up of financial statements posted than 99% of CE listed stocks, it has the best odds of coming through all this when compared to so many others that are still trading freely.