So, as we suspected, the custodianships go on.
That's good if you have tickers trapped in Expert (like me!).
What is yet to be seen is how the market will respond to Bork - or any other stock that tries to go public in this post-SEC-rule-change environment.
Let's be honest. Schwab and the rest of the shit-assed discount brokers have banded together to really mess up the intro end of the OTCM.
Who wants to buy anything when you have to call them to place (or change!) orders? It really really really really really REALLY SUCKS.
I'm curious to see if any of these stocks will even run when a new reverse-merger is announced.
I'm not thinking so until either Schwab fixes their shizzzzz (assuming they want to) and/or a new Discount Broker emerges with a business model in line with our needs.
I think the latter is probably more likely than the former (can you tell Im frustrated with Schwab?).
Rumor has it that Schwab is getting rid of no-commission trades in the OTCM. They didn't want hordes of penny stock investors but thats what they got. And now I think they are doing everything they can to get rid of them. That's what I'm thinking.
But the OTCM always finds a way. We might have to just wait until a new broker emerges. The door is wide open.
I hope too see a new one soon.
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