Turns out that Penson was in financial trouble and
Post# of 16816
Posted On: 08/06/2014 11:10:37 AM
Turns out that Penson was in financial trouble and it was the entity that stopped trading in penny stocks (not limited to BCAP). In 2013 they went through Chapter 11, were acquired by Knight and now are named Apex.
Penson Chapter 11:
http://www.law360.com/articles/461572/broker-...ation-plan
http://chapter11cases.com/tag/penson-worldwide/
Maybe down the road there's a way for a bunch of OTC companies to sue Apex. The best thing for BCAP in the interim is to get out of Pinksheets to QB and then work to get its share price high enough that its no longer impacted.
Penson Chapter 11:
http://www.law360.com/articles/461572/broker-...ation-plan
http://chapter11cases.com/tag/penson-worldwide/
Maybe down the road there's a way for a bunch of OTC companies to sue Apex. The best thing for BCAP in the interim is to get out of Pinksheets to QB and then work to get its share price high enough that its no longer impacted.
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