Here's a strange one (Warning: BORING OTC Ticker Talk):
Here's a strange one (Warning: BORING OTC Ticker Talk): BSYN
BSYN: a ticker trading on the gray sheets that was fully current with SEC filings was deleted by FINRA today. Apparently, they existed for decades and their audited 10Ks and 10Qs were always current.
Perhaps the low volume and trade dormancy triggered new automation logic set in place by FINRA. So.. I don't blame FINRA for deleting the ticker at all. That's how most dead OTC tickers are cleaned up but this one was an SEC registrant with current filings. So contradictory and funny!
An OTC stock can desist to exist two ways:
1. SEC revokes the stock registration OR
2. FINRA deletes the ticker symbol.
This one last traded in 2018 so it was clearly a low/no volume stock with no trades in well over a year
First time to see this scenario. Even puzzles the bashers over across the pond. Why would this company keep SEC filings current but not work at acquiring a market maker to market the stock?!
A couple things to note?
The OS is very low on this stock. Insiders might have held all the shares just to keep the stock SEC current. Being an SEC current company with a profiting business is a marketing pitch to customers. (Did not want the stock to trade). Being SEC current sounds great, Kinda like how a business with a HITRUST Certification dealing with sensitive data appeals to customers looking for new business partners in the IT field. This was definitely a shady situation.
Bottom line: These guys easily could have filed for a market maker to attain OTC Pink Current status and another thing to remember is that FINRA can delete any ticker from the gray sheets regardless of status due to non volatility. Generally no trades over a year is subject to removal.
1
Scroll down for more posts ▼
Top 10 Most Recent News Articles
DNOW's Rough Patch: Investors, Beware Here's a tangled mess for you: DNOW Inc., a name that should've been cruising post-merger, now finds itself smack in the middle of a class action lawsuit. Blame it on some botched acquisition moves with MRC Global Inc. The suits claim DNOW's management may have played fast and loose with the truth during their big merger spiel. When...
Continue Reading
There's a buzz in the air that's hard to ignore—Regan Hutsell from Texas secured the legendary Miss America crown. This event isn't just another chapter in the pageant's nearly century-old saga, but it's a spotlight moment that nods to Miss America's long-enduring cultural resonance. Now, you might be wondering: With all eyes on this Texan, what ripples could she send...
Continue Reading
Regeneron's Meltdown: A Bitter Pill for Investors Let’s dive headlong into the mess Regeneron Pharmaceuticals (NASDAQ:REGN) finds itself in—a classic nightmare scenario for investors. News broke like an old valve bursting, and suddenly, the market's love for Regeneron ran ice-cold. Who's to blame this time? Well, you might want to point a finger at the failed Phase 3...
Continue Reading
Unwrap the Secret to Perfect Holiday Presents When it comes to giving the little ones something special for the holidays, the trick lies in timing. Not your run-of-the-mill timing, mind you—I'm talking about understanding how handcrafted, personalized toys can make or break the season. If you've ever scrambled for a last-minute gift, you know how that shaky feeling sets...
Continue Reading
The Culinary World of Chef André Chiang There's a brand-new aroma wafting through Taiwan's dining scene, and it's got Chef André Chiang's signature all over it. Partnering with A Joy, a high-end buffet restaurant, this all-star chef is giving us something worth the chatter: an autumn menu that's as much about memories as it is about taste. We're looking at flavors that...
Continue Reading
Weather's Wrath and the Michigan Roof Here's the deal: Michigan doesn't mess around when it comes to weather. We're talking harsh winters with piles of snow, followed by muggy summers that toss storms like they're confetti. Keeping that roof in top shape isn't just some luxury; it’s a downright necessity. Gut-punch reality? Many ignore it until it's too late. That's...
Continue Reading
California's Election Integrity: A Ticking Time Bomb Strap in for a bumpy ride, folks—California might soon find its electoral process caught in a Washington whirlwind. CalExitNow, the group advocating for California's independence, is sounding alarms about looming federal interventions that could shake the state's democratic foundations. The Federal Storm Rolling In...
Continue Reading
Buying Coastal Property: A Balancing Act Ah, the dream of owning a piece of the beach in sunny South Florida. It sounds glamorous—something to brag about at the next family gathering. But let me tell you, diving into coastal property ownership isn't just about sipping cocktails by the ocean. It's about handling a fair share of headaches most folks don't anticipate....
Continue Reading
Unveiling Robotics Prowess at IMTS 2026 Every two years, the world of manufacturing gathers at the International Manufacturing Technology Show (IMTS), and this time, the spotlight is on Huayan Robotics. With the event drawing over 90,000 professionals, everybody with a finger on the pulse of intelligent manufacturing will be keen to see what Huayan has up its sleeve. This...
Continue Reading
Finding Balance in a Chaotic World Forget the market roller coaster for a second. Let's chat about something else that often feels like a roller coaster—life itself. Dr. Karl D. Liedtka's book, "Be Present, LIVE Fully," dives into that hot mess and offers a way to get a grip on your own sanity. This isn't just another self-help book filled with empty platitudes; it's...
Continue Reading
Top 5 Most Recently Viewed Articles
RxSight, Inc. Welcomes New Board Member RxSight, Inc., a pioneering name in ophthalmic medical devices, is excited to announce the inauguration of Raymond W. Cohen as a member of its Board of Directors. This strategic addition marks a significant milestone in the company’s journey toward transforming vision recovery for cataract surgery patients. Cohen, known for his...
Continue Reading
Oportun's Latest $425 Million Financing Success Oportun has recently achieved a significant milestone by successfully issuing $425 million in asset-backed securities. This accomplishment highlights the company's continual growth and robust position in the financial services sector. Understanding the Transaction This transaction comprised revolving fixed-rate notes backed...
Continue Reading
Bridgehold Launches Revolutionary AI Blockchain Forensics Suite In a significant advancement for digital asset investigations, Bridgehold has unveiled its newly developed AI-driven blockchain forensics suite. This innovative launch has been spotlighted due to endorsements from leading cybersecurity experts from various regions and marks a turning point in the capabilities...
Continue Reading
Sanuwave to Attend Major Healthcare Conference Sanuwave Health, Inc. (NASDAQ: SNWV), a leader in providing FDA-approved wound care solutions, is excited to announce its participation in the 44th Annual J.P. Morgan Healthcare Conference. This esteemed event is a critical gathering for investors, healthcare professionals, and industry experts from around the world,...
Continue Reading
Empowerment Through Entrepreneurship: NFTE and G-Unity Collaboration The Network for Teaching Entrepreneurship (NFTE) has taken a significant step in expanding its partnership with Curtis “50 Cent” Jackson’s G-Unity Foundation. This collaboration aims to equip youth with the essential entrepreneurial skills necessary for thriving in a competitive marketplace....
Continue Reading