Wow. As if I wasn't already angry enough. I believe you about this. This is so corrupt. Yeah, there can be no doubt now. They are trying to kill it completely.
I guess it's just time to face the writing on the wall. the OTC markets, reverse mergers and the like are all done. It's just a depressing fact. You and I saw this coming when the new rules were announced. Many are just now finding out after years of being told that the OTC is just in a downward cycle and it will return. It's not.
I hope you don't mind, I shared your post on the BABL board. That is one of two of my last OTC holdings. Just went to the Expert Market. Of course, they were having trouble getting name/symbol change approved by Finra. Another one bites the dust.
FINRA is still doing Name/Ticker changes on Form 15 companies.
The companies that say otherwise are either lying or give up.
MSCH Form 15 company got approved for name/ticker change last month. SEC delinquent before Form 15.
Reverse mergers are still IN. Most don't understand the new OTCM Rules. Needs unaudited OTCM filings since Form 15 effectiveness to be successful at name change.
OTC is not dead. It's just slow and most don't understand what tf is needed for success.