Correct me if I am wrong here. The shares were re
Post# of 36537
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Posted On: 09/19/2019 12:25:55 AM
Correct me if I am wrong here. The shares were retired on Monday. It's Thursday now. OTC might show the updated share amount this morning, but as of now, it has not been updated.
So, the OTC can actually manipulate stock price outside of investors by simply putting the information out there whenever they get around to it. If stock is retired at a price of 4.00 let's say, and goes up to 7.00 for two days, but drops 2 dollars, then OTC puts it out there, it's based on a 5.00 price, correct? The perception is the stock was not doing good, so now, it's at 5.00 and going up with the retiring stock.
But if OTC put it out there when it was at 7.00, the perception that stock is going up, investors push it up higher with stock retired and poof, you have a much higher value...
Am I right or wrong? Seems like this OTC delay can be pretty detrimental to a company stock.
So, the OTC can actually manipulate stock price outside of investors by simply putting the information out there whenever they get around to it. If stock is retired at a price of 4.00 let's say, and goes up to 7.00 for two days, but drops 2 dollars, then OTC puts it out there, it's based on a 5.00 price, correct? The perception is the stock was not doing good, so now, it's at 5.00 and going up with the retiring stock.
But if OTC put it out there when it was at 7.00, the perception that stock is going up, investors push it up higher with stock retired and poof, you have a much higher value...
Am I right or wrong? Seems like this OTC delay can be pretty detrimental to a company stock.
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