(Total Views: 205)
Posted On: 09/22/2021 11:57:30 PM
Post# of 9112
BANI: 3 new OTCM filings today. Should be Pink Yield any day and they can buy again on all of the major brokerages.
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Pink deadline for Stop Sign tickers is 9/28. What's going to happen?
They just going to flick a switch and turn the Stop Sign tickers to gray market instantly?
Doubt it.
They going to issue a marketwide suspension on all of them and they lose their MM (211) status after the 4th day of not being quoted?
Doubt it.
They going to take them out one by one like usual? (SEC investigates and issues a suspension).
Likely.
OTCM and brokerages might not quote them but doesn't mean they lose the Form 211? Once back to Pink Yield/ Pink Current, they get quoted again?
Highly Likely.
We'll see what happens. I could be wrong, but I think those are all of the possible scenarios.
- - -
Pink deadline for Stop Sign tickers is 9/28. What's going to happen?
They just going to flick a switch and turn the Stop Sign tickers to gray market instantly?
Doubt it.
They going to issue a marketwide suspension on all of them and they lose their MM (211) status after the 4th day of not being quoted?
Doubt it.
They going to take them out one by one like usual? (SEC investigates and issues a suspension).
Likely.
OTCM and brokerages might not quote them but doesn't mean they lose the Form 211? Once back to Pink Yield/ Pink Current, they get quoted again?
Highly Likely.
We'll see what happens. I could be wrong, but I think those are all of the possible scenarios.
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