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Re: mikeonmicrocaps post# 18185

Thursday, 05/11/2023 8:26:27 PM

Thursday, May 11, 2023 8:26:27 PM

Post# of 18231
Doubt the court has anything to do with it----Chapter 11 reorganization allows a company to keep operating----this company has been delinquent in their filings since way before they even filed for bankruptcy protection....

next week this will hit the Expert market absent a Hail Mary----there will be no public quotes and the retail brokers will not allow any opening transactions-----here is Etrade's blurb on the matter:

Issuers of OTC equity securities that fail to make current financial and other information publicly available, are insolvent, are under regulatory investigation or suspension, or are otherwise not in compliance with public company reporting requirements may become restricted to the “Expert Market.” In the event an OTC equity security that you own or may own in the future is classified as an “Expert Market” security, you may be prevented from selling that OTC equity security and the value of your OTC equity security may be significantly negatively affected or eliminated entirely. Specifically, opening transactions in “Expert Market” securities are not permitted and closing transactions in “Expert Market” securities will only be permitted under limited circumstances, subject to certain qualifications and restrictions.