"I wouldn't expect QTMM to resume trading after th
Post# of 22456
(Total Views: 541)
Posted On: 05/18/2021 10:02:24 AM
"I wouldn't expect QTMM to resume trading after the 10 day suspension ends:"
QTMM will not resume trading on the OTC Link (Pinks) immediately after the temporary 10 day suspension ends, but it can "trade" on the OTC Grey market.
This is typical if you look at the charts of other companies that were temporarily suspended by the SEC more than 10 days ago.
https://www.sec.gov/litigation/suspensions.htm
Ten days no trading, then trading resumes on the Grey Market, but typically the share price decreases on the Grey market.
The OTC Markets website is already showing QTMM on the Grey Market (but currently suspended).
https://www.otcmarkets.com/stock/QTMM/overview
Since the OTC is displaying the Caveat Emptor skull & crossbones warning, brokers such as E-trade, TDA and Robinhood will restrict orders to liquidating trades only. In other words, you can sell your shares but you can not buy shares.
QTMM will not resume trading on the OTC Link (Pinks) immediately after the temporary 10 day suspension ends, but it can "trade" on the OTC Grey market.
This is typical if you look at the charts of other companies that were temporarily suspended by the SEC more than 10 days ago.
https://www.sec.gov/litigation/suspensions.htm
Ten days no trading, then trading resumes on the Grey Market, but typically the share price decreases on the Grey market.
The OTC Markets website is already showing QTMM on the Grey Market (but currently suspended).
https://www.otcmarkets.com/stock/QTMM/overview
Quote:
Warning! Grey Market securities are not traded on the OTCQX, OTCQB or Pink markets
Broker dealers are not willing or able to publicly quote these securities because of lack of investor interest, company information availability or regulatory compliance.
OTC Markets Group Inc. ("OTC Markets"has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
Since the OTC is displaying the Caveat Emptor skull & crossbones warning, brokers such as E-trade, TDA and Robinhood will restrict orders to liquidating trades only. In other words, you can sell your shares but you can not buy shares.
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