I disagree for this reason. Without a 15c2-11 the trading will continue on an "unsolicited quotes only" basis.
Without a 15c2-11 EGYF will continue on the "Expert Market" not with full OTC Market trading ability.
"In the Over-the-Counter (OTC) market, "unsolicited quotes only" generally refers to securities in the Expert Market tier, where trading is limited and subject to specific restrictions due to insufficient company disclosure or compliance issues.
Here's what it means in detail:
Limited Access: Only broker-dealers, institutions, and other sophisticated investors can view and trade these securities. Retail investors typically cannot access this market.
Broker-Dealer Initiative: Broker-dealers can publish unsolicited quotes based on their obligation to fulfill customer limit orders.
Lack of Public Information: These companies often lack or do not comply with regular SEC reporting requirements, leading to less publicly available information.
No Public Trading Market: If a company's stock is moved to the Expert Market, there might not be a publicly accessible trading market for its shares.
Private Transactions: Trading may be limited to private transactions between individual stockholders, leading to illiquidity and a lack of reliable market value.
No Publicly Quoted Prices: Trading bid and ask prices and share trading volumes are generally not publicly quoted.
Compliance with Rule 15c2-11: The designation is related to SEC Rule 15c2-11, which requires certain disclosure information to be publicly available for broker-dealers to quote a security. Companies that don't meet these requirements may be moved to a tier with unsolicited quotes only. "
At least for now EGYF has publicaly quoted pricing and trades through a broker dealer.
Market Data 
Markets 
AI
