Replies to post #4683 on Grey (or Expert) to Pink

[max122812]

So I still hold a position in an expert market stock. Do you think my only option is to try and sell/take the loss or is there hope even if it becomes pink current I can sell? The expert market indeed created many unnecessary problems.
Thanks

[Hestheman47]

Probably a mix of both. There are some people who do not catch on as fast and probably still have no clue as to why the OTC has taken a dive like it has. I knew what would happen to the OTC as soon as I saw the announcement back in 2019 https://www.sec.gov/news/press-release/2019-189 and of course for others, it is a hard reality to face. Many made a great living, or supplemental income with OTC penny stocks. It is difficult to see a once thriving market killed like it has been. I now think we would be better off if the SEC was abolished. While some people feel that unregulated markets are a bad thing, we have now seen what overregulated markets leads to. The OTC was supposed to be the wild west of trading. The high risk/high reward factor is what made the OTC market so exciting for many. From what I understand, at the time the new rules were proposed.....there were many OTC traders that contacted the SEC and objecting to the changes. The SEC just did'nt care. The SEC
had wanted to end the OTC for a long time, and they finally pulled the plug. My prediction is that if the SEC does'nt go back and undo the damage it did (very unlikely) the OTC will eventually fold entirely in another year or two. It is very unfortunate, I have seen millionaires made in this market and I have done very well, myself at times. We have to accept that the markets are rigged for the big boys.