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Re: ANTI-BAGHOLDER post# 338

Saturday, 07/08/2023 9:52:07 AM

Saturday, July 08, 2023 9:52:07 AM

Post# of 349
That is actually not the problem. Many big time OTC traders have left the game altogether. Reason being, the SEC rule changes (15c-211) and the creation of the expert market. This killed the majority of catalysts that used to make these stocks run up so big. Add FINRA to the list of no longer allowing name/symbol changes for those shells used for reverse mergers. The reverse merger was one of the major catalysts in this market, bar none. Custodianship plays and reinstatements also revolved around the reverse mergers. As did many triple 000 plays. My take is that the SEC wanted to kill the OTC market and they have succeeded.I laughed back when so many OTC players were telling me that the new SEC rules would be a "good thing" because more money would go towards "legit" companies. Legit companies were never what drove the OTC. It was the "what ifs".
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