At least with the new Rule 15c2-11, there's a greater chance of that happening. In the past, issuers like Supatcha could trade on the Grey Market. No published quotations, but some did trade pretty actively at times.
Not anymore. Seems FINRA made very clear to U.S. brokers that they shouldn't allow any of their clients to buy these stocks. They can sell only.
That's very bad news for anyone who hopes for anything good from these shells. Sure, there're a few buys from Canada for some of them, but not enough to make a difference.
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