Replies to post #19555 on West Coast Ventures Group Corp (fka WCVC)

[BrownRickRoss]

Canadians were allowed to buy WCVC while on expert market via Questrade. Added 21M 1s during that time. Hope that buy pays off

[WorkinGreen]

For traders in the US being revoked vs. expert market also stopped retail from being able to easily set a limit/market sell from their brokerage account. (US can sell expert market… not buy) They would now instead have to call into their broker to liquidate a position essentially for nothing (tax write-off). This could have served as a deterrent for many who may have just sold off after reading one of MrBotts daily dead dead dead reminders.

I can confirm that yes countries like Canada and many others are allowed to purchase expert market stocks like we used to be able to purchase stocks with a stop sign.

Of course the US Nanny-state has stepped in to save retail from having the option to purchase shares at the lowest possible prices.

[twitchy]

It's been so long now that I can't really remember, but I have it in my head that Nixon basically got WCVC revoked himself - that he filed paperwork to stop being an actively traded company, and one of the reasons that he might of done this was to protect shareholders from manipulation due to the lawsuit?

I personally never understood the SECs decision to disallow trading on Expert Market stocks in the US, whilst the rest of the world could still trade them - they said that it was to protect shareholders, which might be true, but in OTC land it also could put US shareholders at a disadvantage when a ticker comes back from the dead. I know I, being in Canada, can certainly buy Expert Market stocks… and I'm no "expert". Maybe Nixon didn't agree with that either? Or, maybe I'm just out to lunch, and Nixon was just fine with screwing over his shareholders!?