Wednesday, October 20, 2021 6:09:31 PM
Bazinga Science Man @BazingaScience
·
8h
@EmergentLlc
Good morning guys, just wondering if you have heard anything from OTC or otherwise about why $ETEK can't be purchased through
@TDAmeritrade today, and also the strange activity showing up among the market makers... causing confusion among shareholders. Ty!
Emergent LLC @EmergentLlc
·
8h
Under the new rule the SEC prevents market makers from "piggybacking" in the case of a shell. It's a bit long to explain here. You have to look it up. I will try to find a link that explains it as simply as possible and post it here.
It doesn't have to induce panic. It's a temporary situation until a new company comes in and removes the shell status. They are essentially trying to limit the trading of shells, which will basically cause an intermission in volume.
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