Replies to post #45396 on Sunset Island Group Inc (SIGO)

[penknee]

I saw that yesterday, I was pretty shocked to be honest. If this rule goes into effect as is, many p&d will cease to exist, including this one. There are some exceptions for the few legit companies on the OTC, but in general, if you don’t file your 10K/Q’s on time, the MM’s won’t be able to post the bid/ask for your stock. Broker/dealers will be responsible for ensuring they’re quoting a stock that is current. It would stop a ton of fraud, not sure what the downside is unless you’re a pumper. The degenerate gamblers will have to find another scam to lose money on.

[surfkast]

I have posted it a few weeks ago when it first came out.

Great ideas.


It will probably not go into effect until 2020, if it passes.