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So here's what I think is happening in OTC junk la

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Post# of 9126
(Total Views: 173)
Posted On: 02/20/2021 3:53:16 PM
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Posted By: Steel Reserve
Re: LocWolf #695
So here's what I think is happening in OTC junk land.

The SEC is trying to get rid of the garbage, but can't easily do it with the current rules.

The only way an OTC stock can be zapped out of existence is either the SEC revokes the stock registration or FINRA deletes the stock ticker.

The SEC has been suspending stocks due to social media pumps, but only AFTER the stock has gone up 1000s%.

Every junk stock since November has gone up 100s%

Even the junkiest of the junk like TPAC (which is facing revocation) and INOH (which CEO was convicted of fraud) have gone up 100s% from bottom at .0001

The lowest retail can trade is .0001 and there are currently no .0001 stocks left. I've been cherry picking the best of the bottom picks recently and have been doing very well with gains.

The Dark/Alternate reporting (Form 15) companies (tickers) are the most interesting right now. The SEC cannot revoke them because they are not a registrant. The SEC can suspend them (10 days) due to a fraudulent pump and dump but they will continue to trade on the gray market afterwards. (into eternity?)

There are too many new investors and not enough stocks on the OTC Market to support the demand.

I know they are trying to stop these types of stock tickers, but the exact opposite is happening. A mind boggling amount of money has poured into these dark/defunct stock tickers since November. Like billions of dollars. If they were going to do a mass revocation, all this money wouldn't be in all these types of stocks. What I think is that each one is going to go through a pump and be suspended -- after the pump -- off to the gray market. What I think is that brokerages are going to deny trades on the skull and crossbones (gray market) tickers and with no volume FINRA will eventually remove the stock. I could be completely wrong with all of this rant, but my sources and research suggests otherwise.

A very fun hobby indeed.



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