News Focus
News Focus
icon url

1manband

09/29/21 3:04 PM

#191590 RE: janice shell #191589

I think that is exactly what is happening. Many brokers are not permitting buy transactions on the no information stocks anymore.

They know it is more trouble than it is worth. With unsolicited quotes, I doubt the transactions in the gray market stocks make them much, if any, profit after the change due to the extra paperwork, FINRA submissions, and so forth.

They are better off just punting on that market completely.
icon url

Kool Aid Man

09/29/21 9:11 PM

#191615 RE: janice shell #191589

Any chance OTC will crack down on shells and "shell risk" tickers? For example:

Eddie Vakser currently runs 7 tickers single handedly. Only two (AURI and PBHG) are PINK CURRENT without additional caveats. The remaining 5 (PRPM, BDGR, SUTI, TSRR, UITA) are all branded as being "shell risks." Three of these are PINK CURRENT (PRPM, BDGR, UITA) and two Pink Limited (YIELD). None have any business activity and financials reporting nothing but goose eggs.

I don't see how forcing players like him to cough up a few thousand each year will result in public monies being used to finance real world, revenue generating businesses. I fully expect the bad faith fairytales and "duping and dumping" to continue as usual.