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Thanks for the info.....it is good to know

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daman45   Monday, 05/03/21 02:24:29 AM
Re: Welcome2Pinkyland post# 9281
Post # of 9397 
Thanks for the info.....it is good to know that some individuals out there are trying. What people need to understand is that SEC amendment 15c2-11 does not stop at Caveat Emptor. Pink No Info stocks are next....and NO, that is not in any way a good thing. It will indeed kill all custodianship/reverse merger plays. Even if they relegated OTC shells to the grey market....it would not be the same. You could not accumulate shares as we once did, and that is the name of the game. They really needed to have just left the OTC alone. In my experience, there are probably just as many (if not more) people who get hurt from OTC reporting companies as non reporting shells. Those people they are trying to protect do not bother reading filings most of the time anyway. People who do not know what they are doing and should probably not be trading. A small percent of the OTC. Those are the ones they are trying to protect while hurting the rest of us. If OTC traders on Twitter, Reddit, and IHUB make a concerted effort to contact the SEC perhaps we can change something before they put the nail in the OTC coffin. Once it happens, it will be very difficult to reverse course.

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