Wednesday, January 05, 2022 1:04:02 AM
I’ll take a try at this, hopefully I understand your question. The Ct’s were placed in a class of securities that didn’t have all the registration filings up to date by SEC standards. There was a whole lot of various companies (approximately 300 I believe). We all received notifications via our brokers ( me both Fidelity and TD Ameritrade). That at a certain future date we would no longer be allowed to bid on these shares. My estimation is that none of the 300 listings were eliminated just held in suspense for retail investors until anyone of them updated their filings. None were out right canceled just ruled not approved for retail. That leaves the insiders and institutions pretty free to lower the bid and buy any shares someone might dump. This is only in the USA market. Argus has been able to buy some on the Canadian market as a citizen there.
Please feel free to offer any corrections.
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