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Replies to post #177435 on Cascadia Investments (CDIV)
Yianni
07/13/11 7:47 AM
#177436 RE: arvitar #177435
Alan, Sap, when stocks get suspended by the SEC for their fraudulent activities, and then banished to the greys like CDIV, they become illiquid. There is no market for them. Nobody can buy or sell shares in meaningful quantities. When you can't buy or sell something, that means it's WORTHLESS to the holder. That's not good for anyone stuck with shares in these scams. It's bad. This happens to *every* pink sheet scam that gets suspended by the SEC and banished to the greys. CDIV isn't special. CDIV is just the same as every other worthless scam banished to the greys.
There certainly are a number of stocks on the greys with some trading volume, that don't happen to be illiquid scams suspended by the SEC.