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VikingInvest

09/01/24 10:45 PM

#717422 RE: dstock07734 #717420

You can keep speculating about some conspiracy, but I do not believe in your line of thought based on the facts that I know. This is not new, it has been in the works for some time and I guess the effective date happened and now they don't want to do any trades with OTC stocks. The way it worked with OTC stocks was different than trading on a major exchange, which you could do on their website. OTC stocks had to be called in and then wait to see if you got them at the price you were hoping for. With the added interest in US stock market post Covid, it became a hassle and because of the process they got a fair amount of complaints. It wasn't that it wasn't profitable for them as they charged a large fee for these transactions, it was just that it took away resources and banks have been trying to cut overhead since the interest rates went up. That's what I was told, but you do you and push a conspiracy theory.
Bullish
Bullish
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attilathehunt

09/02/24 12:07 PM

#717470 RE: dstock07734 #717420

The timing of the ban really smells fishy.



Most likely the ban will come into play when approval hits...Shorts will have less competition on the buy orders...


This is most likely the intent of the ban....Another manipulation strategy employed by the MM's.

They know if the ban came in at the same time approval, the scrutiny will be unbearable. Especially in light of what happen with GameStop/Robinhood/Citadel.

Remember the call from KG to Robinhood to stop account holders from buying?...They think they are smart now by making the move a couple of months before approval.

They are expecting to get burned...The only thing in their control is how much do they get burned?!!