Replies to post #20227 on First Bitcoin Capital Corp (BITCF)

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This one appears to be not.


1manband Sunday, 09/24/17 01:22:49 PM
Re: JohnCM post# 19455
Post # of 20227


Quote:just pointing out that the grey is legit and not a graveyard where stocks go to die.



No, that is not the case. The grey market is in no way "legit".

Every single stock in the WORLD that doesn't have an SEC registration or 15c2-11 trades on the grey market in the US. EVERY SINGLE ONE. As has been pointed out, they actually trade elsewhere on actual stock exchanges that are outside the US. They don't actually "trade" in the US at all - prices are set by what the quotation is on their primary trading market.

Stocks suspended by the SEC, like BITCF, cannot be compared to those foreign exchange listed companies. They have a completely different type of trading on the grey market, since those stocks do not trade anywhere else.

For SEC suspended stocks kicked to the grey market, it IS absolutely a graveyard. You are already seeing in BITCF what happens to all SEC suspended stocks. Volume quickly dries up and the price dwindles down to eventually nothing.

That will, in time, happen to BITCF, too. And then shareholders will have difficulty exiting their long positions at any price.