Replies to post #41974 on CaliPharms Inc (KGET)

[rawman]

Maybe even though the ticker is garbage, it's still cheaper and/or easier than starting over with a new ticker and trying to get it listed.

Congrats! There are definitely traders, who have not overstayed their welcome tied to any particular equity issue, currently making bucks on some really crappy OTC stocks. Virtually none of the recent OTC gains are based on any sort of positive investment metrics! The recent flurry of action on the OTC is being almost exclusively driven by bogus yapping on social media and public "investment" forums.

Regarding the above "cheaper and/or easier" claim, it is not correct, particularly for a Grey Sheet equity, like KGET.

The oft-pronounced nonsense about needing to do a costly IPO tends to commonly be share price pumping BS. In order to trade on the OTC, a start-up need only apply to FINRA with a company name and petition for a trading symbol. An MM, who is convinced the risks are minimal, would then file a supporting Form 211, and the company pays to subscribe to OTC Markets. Voila! The stock is trading as an OTC Pink Sheet. It can happen with minimal cost and it can happen in only a few weeks.

KGET doesn't even have the benefit of a currently approved Form 211 and is relegated to the Grey Sheets until a Form 211 is filed and approved by FINRA. Neither of which is likely to ever happen.

Again, congrats!