A follow up question is in order for my team of legal think tanks that follow MCIC. According to he rule change, a market maker has to file the form 211. After the initial review of around 30 very detailed questions that gives them the scoop and partially covers them from liability. They can not charge money for this and they have 30 days to exclusively trade the stock themselves before other MMs can. Was this rule change set up to make it easier for OTC companies to get a MM to send the 211? Them doing it for free was to cut down on scam companies paying the market makers that money according to the reasoning behind the rule change. Yet OTC Markets makes all the money by being the good guy and offering the service for a crazy subscription fee? But here is the curve ball that entertains some thought. I think Ben hired that list of lawyers not in search of 144 letter to go OTC current. I think he wanted their help on finding a firm/market maker to file the 211. I think the lawyers said they would look into it and figured there was a way. We all people assumed the rule change was in the best interest of OTC companies and investors. Kinda funny that paying OTC Markets (claiming to be the good guys) and they OFFER TO FILE THE 211 with Finra if the pinks pay them a chit ton more in cash for subscription fees to uplift to the QB or QX??? I am going out on a limb here. If the lawyers Ben hired cared, they would tell him to uplist on OTC Markets QB or QX and fix the problem. They would have to know most market makers are not doing that 211 for most shells. It was OTC Markets that deemed them a shell and gets paid more if quotation is resumed. Is OTC markets strong arming all pinks to pay them more with all those CHUCKYS? And who in the room, predicted this goes back to shell? I think OTC Markets has a Chucky on every pink that does not want to pay up!!! Just a theory. Jokes about Ben's age was one thing. Threatening shell status and a few other hints crossed that line. Why would Chucky care so much? Ask that question and it may answer why MCIC can't release news about it. So, I will back up the theory. Can anyone post the name and phone number of an attorney that can recommend a market maker to file a 211 for any pink that needs to resume quotation? The name of a market maker that has filed a 211 since the rule change for any pink? Did OTC Markets corner the market of doing 211 for higher subscription fees and send out the Chucky hounds to irritate guys like Ben? It's all a theory. But Chucky made a mistake.
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