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Saturday, June 01, 2024 6:44:06 PM
Now that is just silly. As you should realize by now, OTC issuers are no longer considered very desirable, even by one-time penny fans.
And while it might not be too difficult to reinstate the company (for the third time) in Nevada, it'd then have to file a Form 10 registration statement, and then pay a bundle--I forget how much it is now, but the price went up again recently--to OTC Markets.
Penny stock shells are just not worth much now. The object of the amendments to Rule 15c2-11 was to eliminate shell companies, and it's worked pretty well.
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