News Focus
News Focus
Followers 35
Posts 3008
Boards Moderated 0
Alias Born 08/19/2009

Re: 1manband post# 17573

Tuesday, 11/01/2011 5:54:25 AM

Tuesday, November 01, 2011 5:54:25 AM

Post# of 234073

Wouldn't adding such rules are you suggested actually result in the kind of actions that you have been complaining about? Namely, acting as if EVERY company were a criminal, rather than what the DTC is actually doing right now, which is just restricting the actions of certain questionable actors?


It's a completely different thing; in no case would a DTC-chill be enforced.
The 1B A/S limit and R/S every 2 years would only kill the repeat R/S offenders (also who wants a stock with more than 1B shares trading in the super-subs? That kinda ruins the volatility/fun! ) It would also help reducing the stocks stuck at NO BID to $0.0001 stocks by a great deal.

As for increasing disclosure, totally agree. A good measure would be to require filings every 6 months or 1 year, then issuing a TRADE WARNING on OTCmarkets if the filings aren't on due date, then a TRADING CLOSURE if the filings don't come in 3 months, rendering a shell completely useless and unable to trade again.

So every shell that could be used for a R/M would file (although seldomly) but a long time dead company with huge debt wouldn't.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today