I would have to go back and read the Amendment, but I recall that it is directed at both CE and Pink No Info by Sept. Most brokers seem to be enforcing/restricting buys on CE's now.....so I imagine Pink No Info is not far behind. Pink Limited Info is my own speculation....I do not think it will be far behind the both of those. In custodianships.....had this amendment targeted CE stocks (ones that have not been reporting for a very long time) it might have been survivable, but so many of these custodianship plays are pink no info.
Yes, all pink no info is included. And this is saying by June. This effectively kills all reverse merger/custodianship plays that we have all made so much money on throughout the the years. No one can convince me otherwise. This is BAD.
As we already know....so many of these shells used in custodianships are not up to date on any filings, they are mostly all Pink No Info thus....we may be able to find filings early but our hard work to do so will not matter as the shell stocks will not be accessible to us to buy. They are killing the market right out from under us. Very soon, I am most likely done playing the OTC. I see the writing on the wall. Big Brother strikes again.
I think Pink No Info is going away, Pink Limited will be the lower tier for Pink and then it goes to Expert Market if that gets the OK.
I say this because if you look at their Pink Basic Discloser Guidelines it no longer mentions Pink No Information and it use to. The only thing it says now is Pink Current and Pink Limited. Just a guess on my part though, guess we'll find out soon.
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