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Thursday, 08/19/2021 12:47:24 PM

Thursday, August 19, 2021 12:47:24 PM

Post# of 12273
Got this message yesterday. Also there may be something to the OTC being overwhelmed with companies trying to get current. However I am assuming this was a big mistake.
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

We previously communicated that ahead of the regulatory enforcement date, we will only accept orders to liquidate impacted positions (i.e. no new buy orders) starting August 13, 2021. With the fluid nature of the situation and to better align our efforts across the combined company, we have adjusted the date for restricting the securities to on or after September 3, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.