Replies to post #2366 on Grey (or Expert) to Pink

[daman45]

Most likely in Sept when these rules take effect, I will quit trading the OTC. They have wanted to kill it for a long time.....now they are doing it. As an OTC investor specializing mainly in reverse mergers/custodianships....this rule KILLS those plays. Nothing will replace them in terms of percentage gains. Much like those that short these stocks...as an OTC investor I never look for stocks to marry, or be invested in long term. Most times, you lose your a$$ when you do that. Farewell penny stocks.

[creede]

I think custodians are going to get a pass.

18 month exemption to get current. That's my understanding but will have to wait until September to see how it really all plays out.

I don't like it either. Feels like Communism to me. LOL!

But it is what it is. I figure smart money is investing in those companies most likely to make the cut.

Most people will not leave the OTCM. It's too much fun compared to the Blue Chippers.

They will adapt and it will survive.

Thats my prediction, fwiw.

:-)

[Big Brother]

Yeah sucks, the regulators are killing off the new issue market as well. This new amendment is just another nail in the OTC coffin, liqudity across the OTC will likely take a major hit I think, hell were already kind of seeing the reprcussions of it, and I'd imagine it will get worse.

I wish the OTC were more like the old, wild west days, when there was much less regulation, sure there were lots of scams, p&d's, etc, but there was also a lot of money to be made as well....and various ways to make it. Let folks do their own DD, and make their own decisions to invest or not invest, without all the hand holding, just put on your big boy pants and jump in....lol.

Get rid of the Regulators and have the OTC managed by a Lottery Commission, it's really more like gambling anyway, rather than investing....lol