Anyone who does Not know about the NEW SEC Rules that go into effect Sept. 28th, and the New Rules that have already went into effect during the past year, it would DO YOU WONDERS To Research these New Much needed Rules.
OTC Stocks that are not Current in their filings will be deleted, Sept. 28th is the day this Particular New SEC Rule goes into effect.
Obviously this does NOT include Ultrack/MJLB, bcuz MJLB has kept up their filings. BUT...
The BIG Picture, what this means is that the OLD OTC way of trading is about to Cease to Exist as we have known it for DECADES! This Rule should have been Implemented Decades ago, NO MORE SCAM STOCKS WILL BE PUBLICLY TRADED After Sept. 28th without being Current in their Filings.
If a OTC Stock is Not Current with their Filings, they will be Deleted. This Levels the Playing field for Traders/Investors. The ONLY Stocks that will be available to be Publicly traded will be the Legit "Real Deal Stocks"
Also, the Rules have changed for the "TOXIC DEATH SPIRAL LOAN INDUSTRY" The Bastards who have been responsible for Decades of devastation of Small/Micro-cap Stocks.
I have studied & followed the Toxic Finance Industry for almost 25 years, between 2003-2008 I worked for numerous OTC Companies helping them get out from underneath the Toxic Loan agreements they signed without knowing Exactly what they were getting themselves into.
Late 90's early 2000's many OTC CEOs signed Toxic Loan agreements without having Proper Legal Counsel to explain exactly what they were signing, only to watch their Stock get Massively Short sold, as the Toxic lender "LENT THE COMPANY THE COMPANIES OWN CASH, THAT THE LENDER 'OBTAINED' FROM SHORT SELLING THEIR OWN CLIENTS STOCK"!
Hard to believe that this was ACTUALLY LEGAL IN THE USA 20 YEARS AGO... This dark chapter in the History of the OTC in the USA is Finally Changing for the benefit of Traders/Investors.
This is why I keep posting that Q4 2021 and Q1 2022 could be some of the Best Trading the OTC has ever seen?
IMO, Q1 2021 Was just a Taste of what's coming to the OTC...
This is why I picked a handful of Real Deal OTC Stocks in late 2020/early 2021 and Went Long on them, MJLB is one of my biggest OTC Long positions...
A TOXIC LENDER
