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saxonia40271

04/03/22 3:03 PM

#58860 RE: rlpflorida #58859

The one I stumbled across this weekend, seems to make no distinction between the EM and the Pinks. The problem is of course that the EM dropped dead when TDA and E*Trade locked out the retail clients last May. I used to have an account where I could trade all trips, including CE. That broker was shut down a year ago, dropped by its own parent company. The broker they moved all their customers to, will not take buy-orders for anything OTC. I still own a decent quantity of IMJX, but there’s no activity. I‘m waiting for the new XO to file a certificate of revival. It’s already back to Good Standing, but it‘s been like this for over a year. It must be slow work. The new dude said so himself. The EM is a total joke, with inequitable market access. Only pros and random international brokers who are almost impossible to identify. If you check the OTC Stock Screener, you can see it first-hand. Of over 3,800 companies, only 3 stocks at a price of 0.0001 or more have traded for more than 1,000 bucks. That’s not funny. I‘m guessing, you could buy nearly any EM security at TZ1, in a heartbeat. It‘s probably all „No Bid“, with the Ask at TZ1. There’s a way in, but no way out. You get stuck instantly. To justify that risk, you need solid evidence of action behind the scenes. Even if a company reports back into the land of the living, the stock might still not react right away, simply because virtually all brokers refuse orders. I think, once you’re CE, you need to achieve 30-90 days of Current Standing, before OTC Markets removes the flag. Only then can people start jumping in. That stuff is provocative, but an extremely long shot. What the EM means, is basically that you’re instantly throwing your money in the trash, and then you start waiting for a miracle. That’s few people‘s cup of tea.

saxonia40271

04/03/22 3:21 PM

#58861 RE: rlpflorida #58859

I remember GVSI being easily tradable. They must have been in the former „Pink No Info“ category, so I guess, they got screwed to the wall when the rule 15c2-11 hit. Tough luck. Looks similar to IMJX. They also seem to be planning a name change and new business model, but no announcements yet. GVSI has at least made its intentions public.