Replies to post #870 on Light Management Group (LMGR)

[creede]

Hi toohot,

that's a hard thing to predict. LMGR is an unsolicited pink trading on the very bottom rung (Pink No Info).

The SEC has recently updated the Form 15c2-11 rule. If nothing changes with the stock, sooner or later it will be impacted.

http://securities-law-blog.com/2020/09/22/the-sec-has-adopted-final-amendments-to-rule-15c2-11-major-change-for-otc-markets-companies/

Since LMGR seems abandoned it's highly unlikely that it will become current before time runs out (I think that would be next summer).

The biggest hope is the company is picked up a custodian. If that happens then I believe the new rule gives new ownership 18 months to get current.

But to answer your question...

If a custodian grabs her then I certainly think she could move up quite a bit.

If she "times out" and turns grey again...

Then probably not!