The bigger problem, and this goes back way before 1990s, way before online trading became a thing. BigBoards want to kill off the OTC. It’s always been under attack. Man back when you had to call a guy to make a trade, they would piss and moan about oTC stocks, make you feel like an idiot and money fool. They want the $Billions sitting in the otc moved into their exchanges.
The OTC deserves it, but I think they’ve done a great job taking out the trash.
They want to remove the Reverse Merger Lure of the otc. IPO process for everyone. Once a shell dies, it’s gone for good…..unless it’s a Big Board shell. That’s how you know it’s just a turf war
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