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Wednesday, February 08, 2023 2:13:48 PM
Well if the financing is there to support any reporting and handing fees with OTCM and the TA, Signature Stock Transfer, then I guess we shall see how it plays out.
The problem is with the OTCM IDQS system. After all fillings are up to date and fees paid that need to be reviewed and processed, there is no guarantee any enforcement will be made. The 15c211 quotation process is broken. In my opinion, it is no different than CRGP (formerly their TA was Signature Stock Transfer) going private corporate action is stuck in right now. The attempted hijacking over custodianship certainly made things interesting (somehow quotation was granted and it traded for a year, I would assume illegally). All of that didn't change the fact that an imbalance of shares was identified in Nebraska court and was never resolved.
EIGH would be in the same situation where all of its securities trading on the OTC, which essentially are obligations (debt) that is illegal, would be required to be settled.
So is this another attempted hijacking or is this an entity protecting the shareholder's rights to what was perceived as real property when it was sold to them by their brokers?
Another example is the $MMTLP matter. Its was created via a special dividend as a private preffered security that was allowed to illegally trade. There is a pending corporate action in progress. Shareholders are stuck because of a FINRA U3 halt for "extraordinary events"
Seem like all 3 tickers CRGP, MMTLP, and EIGH are private securities by way of slight differences that should not be trading while the SEC, OTCM and FINRA do not know what to do because they got caught in their failures of governance in the financial system.
$EIGH
$CRGP
$MMTLP
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