Replies to post #5060 on NoHo Inc (DRNK)

[ed7777777]

Did management stop some of the manipulation of DRNK, BY DELISTING? What happens to shares when a company is delisted from an exchange?

If an investor owns a stock that has been delisted from an exchange and is now quoted on OTC Link® ATS, nothing has changed with the shares themselves. Investors are still the beneficial owner of the stock and may trade it through the broker-dealer of their choice, but should check with their broker-dealer to make certain that they provide services in off-exchange traded securities. If not, investors will need to identify a broker-dealer that does provide services in these securities and is a FINRA member and SEC-registered. Paragraph 4
www.otcmarkets.com/learn/otc101-faq


The Pink Sheets are different from the OTCBB. Companies on the Pink Sheets are not required to meet minimum requirements or file with the SEC. So-named because they were actually printed on pink paper, the Pink Sheets started out as a daily quote service provided by the National Quotation Bureau. Typically, companies are on the Pink Sheets because either they are too small to be listed on a national exchange or they do not wish to make their budgets and accounting statements public. To avoid having to file with the SEC, some large foreign companies such as Nestle S.A. have penetrated the American securities markets through the Pink Sheets. Companies listed on the Pink Sheets are difficult to analyze because it is tough to obtain accurate information about them. The companies on the Pink Sheets are usually penny stocks and are often targets of price manipulation. They should only be purchased with extreme caution.
http://www.investopedia.com/ask/answers/201.asp#ixzz3e785fH00

[jwblue74]

That would be a step in the right direction but I'd rather see them just get current with OTC Pink for the time being. What I would like to see at this moment is how much revenues the company is currently making especially with their new distribution partner in Hong Kong late last year. Also, is the company still negotiating a partnership deal with Miracle Smoke to produce CBD beverages which would be amazing.

$DRNK


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