I have been watching various custodians through filing:re and I can say it's now the new norm to see huge blocks of shares canceled through the custodial process.
I think this is very significant development. If you are holding shares of a company in Expert don't sell them no matter how high the share structure. Never know how many might remain if-and-when your company returns to Pink through the custodial process.
Also, in matters of removal of the CE, it's a lot easier to remove the CE if you can remove the shares held by past management. Im assuming they are ruling often the shares have not been properly registered and should not have been issued (I know this is true for LMGR - tens of millions of them).
So perhaps thats why we are seeing such great success in this area.
Looks to me that some of these Expert clunkers may be more valuable than we think.
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