Why? The afterhours OTC update has nothing to do with todays trading action. Now let's not go overboard here. Let's just hope the company issues news and get's the OTC site updated before tomorrows open and we should all do very well. Also they never reverse trades. Once you make a trade that is it. You can sue the company if they did something wrong but so far everyone who has bought or sold has chosen to do so of their own free will. Now if the company did not disclose something to us that is a whole new ballgame and I am sure many would go after them with lawsuits.
I think the SEC should cancel all trades today. Why let the thieves get away with taking some people shares.
I agree it looks like a hack job. I think someone should halt this from trading anymore until it is cleared up. There will be millions trying to get out the door at open in the morning otherwise. None of it makes sense. Been trading pennies for 30 years and never seen anything this bad. If it was just a mistake then they would not have made a mistake on the O/S, Float and A/S. Maybe one of the three, but not all of them. Definitly looks like a hack job.