TDA sent a long list of Pink No Info tickers that they will allow liquidation only orders, starting August 13. Not sure how many, but appears to be several thousand tickers.
The OTC has been an avenue of wealth for many.....looks like big brother does'nt want to see the little guy make any more money. What is America becoming? I talked to another guy online yesterday about this. He is an amateur trader and was talking about how the new rules were a good thing. So many are completely oblivious. Many people's livlihoods will be gone. I still wonder why there was'nt a bigger backlash....still seems like many people aren't even talking about it. Unreal.
You are probably right. Only caveat is that I hold out hope that custodians will grab a bunch and they will be granted more time to get current.
Other possibility is we see many more G2P because it becomes far easier since OTCM will be in control now of determining who meets the requirements for minimum public info (no more 211's and no more FINRA. Right?)
BTW - shocked I did not have a single ticker on that list. My junkyard of abandoned tickers is quite large. lol