If I recall correctly, DWAC is a SPAC. My comments are pertaining to companies who buy a shell via custodianship to facilitate a reverse merger. A shell that carries the symbol and name of the previous company it once traded as. BABL was delinquent in filings which is why they are now on the Expert Market. Even if they regain pink status, Finra may not approve a name/symbol change. Again....this is how these regulators are trying to kill off reverse mergers, AND the OTC. I wish I had better news to share....but this is not good. For disclosure, BABL was one of my last two OTC stocks. I saw great potential in it. I have one OTC stock left but once it goes in the can, I will be completely out of the OTC. Simply put, the powers that be do not want small traders/ investors making bank. The OTC outperformed big board stocks for many years and "big brother" just could'nt let that happen any longer. I will be surprised if the OTC is still around in another year or two at this rate. Read the OTCM's 1st qtr report......retail investors are leaving in droves, with good reason.
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