Grey to Pink (G2P)

[creede]

Hi MBOT.

I hope your number is right but I kinda doubt it.

I took a look at 17 tickers on that TD list.

6 of them were already grey:

TGWWF
MDDXZ
CSHZZ
MNDEZ
TFSVF
ZGBEF

1 of them was already current:

RETC

And 10 of them have not made a filing this year:

PSPW (2020)
FTPM (2017)
YSGG (2008)
ONCP (2014)
ISOL (2003)
PGQWF (2014)
FNRC (2017)
TDHC (2017)
THDS (1999)
SIXD (2019)

Some of those are Z & F tickers so they tend to get ignored (or not tradable) anyways.

If we just consider the those last ten, it’s hard for me to imagine more than 2 or 3 of them will even make a filing before the deadline.

Imagine you are an officer in a defunct company. What is going to be your motivation to pay the OTCM and the accountants in order to get PINK?

Your reward will be to continue to pay out of pocket year after year for a company that is not making money and perhaps a bad memory of failed business venture.

That would be for sincere officers who really tried to build a business.

I guess the opposite would be someone dreaming to scam the market again and knows it will be far easier if you have L2.

20% is the highest number I can imagine. That would 1 corporate revival and 1 custodian per ten.

Again, I hope I am wrong.