PharmChem Laboratories Inc (PCHM)

[skyedreams01]

HELP I have been in pchm since 4/09 .0046. I just received a notice from Etrade.

On September 28, 2021, new requirements take effect that will impact the market for—and value of—certain “over-the-counter (OTC) securities” you currently hold or have held in the past. The new rules apply to “Pink No Information” OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.

Starting September 28, 2021, you will no longer be able to buy or sell “Pink No Information” OTC securities through E*TRADE. Other restrictions related to the purchase of these securities may apply sooner. Please keep in mind that the upcoming changes will negatively affect the value of any “Pink No Information” OTC securities you hold now or in the future.


Does this pertain to PCHM? It is stuck in Choicetrade and they are the worse about penalties but no other broker will accept a transfer.

Any information would be appreciated.

Thanks