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lumpy9200

05/02/21 3:02 AM

#9277 RE: daman45 #9276

Thanks for your reply. I see where you're coming from, but I buy at the same time it appears you do. I'm not sure that changes, as I don't see why we can't buy (stocks without the CE). You said:

"We will not be allowed to buy on the expert market".

Why do you think that? I realize we won't be able to buy stocks with the caveat emptor designation, but they certainly don't all have that. Yes, all the stocks on the greys won't be current, otherwise they would be on the pinks. But many stocks with a stop sign or yield sign don't have the CE designation. I'm gonna struggle to come up with examples right now as I'm close to falling asleep, but I'm positive that some of the custodian plays I've gotten into weren't CE stocks when the custodian made the motion to file. So I think our options will become more limited, but I don't see the general idea going away. I also think you'll see more dormant shells getting current just so they can stay on the pinks, or move back up if they get dropped down to the greys. Ive owned AT*CC for many years (formerly GR*YO). That was the one and only shell I've ever owned that was an SEC filer while being a shell. I think Justin Costello's DC*DG was also an SEC filer when he took over, or was at least current (now GR*NF). Extremely rare situations for now, but I think will become much more commonplace going forward. Time will tell I suppose.
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Welcome2Pinkyland

05/02/21 11:10 AM

#9279 RE: daman45 #9276

Yep. It will be the end of custodianship plays for retail traders if no info stocks only get traded on the expert market like OTCMarkets wants. The SEC proposed the grey market for these no info stocks, but OTCMarkets likes the idea of them trading on the expert market where they and their friends will have exclusive access to buying shells getting current. If anything, It would be better to go with what SEC originally proposed- trade in the grey market- then at least we would have access if we were interested in buying. Read this article below- and use the link in the article to let the SEC know what you think:

https://blog.otcmarkets.com/2020/05/01/exploring-the-investor-impact-of-an-sec-rule-proposal/