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Re: MakeItRain88 post# 80847

Wednesday, 07/26/2023 9:42:49 AM

Wednesday, July 26, 2023 9:42:49 AM

Post# of 80868
Good morning MakeItRain88,

In regards to your question about trade volume, some brokers will allow retail traders to bid/ask for de-listed tickers to trade OTC - but MSLP stock has been illiquid for a very long time. Remember there are really only three institutional shareholders that control over 70% of the total shares outstanding - Consac LLC (which is Ryan Drexler), White Winston/Amerop, and Wynnefield. I've seen bid/asks over the past couple years, particularly during the half-hearted S-1 filing announcing an uplisting to the NASDAQ - which the company would not qualify for - which look like chumming the water for a retail investor to try to take the bait.

Also note that on March 2nd, a trading order was granted that capped share ownership at ~1.6M shares - roughly $4,800. You can read the attachment on the restrictions, but ultimately I repeat the question I asked of the user Codie - you work hard to earn your money, why would you invest it in this dumpster fire of a bankrupt, multiple-times SEC sanctioned firm boiling in litigation, when there are other investments elsewhere to make?

If you have an investment in the firm, you can always treat it as a loss to offset capital gains in better years ahead.