My guess is the selloff to .0035 (ouch) yesterday
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Posted On: 07/23/2021 11:22:03 AM
My guess is the selloff to .0035 (ouch) yesterday was caused by a panic seller reading the TD America global August deadline.
Penny stocks are 85% emotion.
Prices are diving everywhere. We have brokerage houses threating buying deadlines, inciting freak mode. We have companies waiting for the SEC/OTC to work their way through a self-induced paper bomb of filings, inciting freak show 2. Antsy investors freaking about going to the greys. Every message board is someone asking if their company will make the deadline. Not a good time to be nervous investor
Yet, we here at CRGP haven’t heard a word……..and I sleep like a baby
It is a compelling argument that an embezzling management that stole all of the company assets would be more than happy to see a custodianship waltz in, take over the share structure, bury their tailings, and make all of the stuck holders happy. CRGP didn’t do that, they defended.
One also has to recognize that new SEC rules came at the most inauspicious time for start up companies like SSM monopoly, forcing all of their future custodian candidates to the greys was certainly bad news for them. It is also bad news for the OTC markets, a miniature version of the NYSE as it is also a publicly traded company. (OTCM on the OTCQX exchange). The SEC just made a great deal of work for them and cut their revenue source by a significant amount.
All because of a wild February where the big boys lost to GME et al, so SEC had to flex their muscles
I am confident that extensions to the deadline will be granted at the 11th hour.
Penny stocks are 85% emotion.
Prices are diving everywhere. We have brokerage houses threating buying deadlines, inciting freak mode. We have companies waiting for the SEC/OTC to work their way through a self-induced paper bomb of filings, inciting freak show 2. Antsy investors freaking about going to the greys. Every message board is someone asking if their company will make the deadline. Not a good time to be nervous investor
Yet, we here at CRGP haven’t heard a word……..and I sleep like a baby
It is a compelling argument that an embezzling management that stole all of the company assets would be more than happy to see a custodianship waltz in, take over the share structure, bury their tailings, and make all of the stuck holders happy. CRGP didn’t do that, they defended.
One also has to recognize that new SEC rules came at the most inauspicious time for start up companies like SSM monopoly, forcing all of their future custodian candidates to the greys was certainly bad news for them. It is also bad news for the OTC markets, a miniature version of the NYSE as it is also a publicly traded company. (OTCM on the OTCQX exchange). The SEC just made a great deal of work for them and cut their revenue source by a significant amount.
All because of a wild February where the big boys lost to GME et al, so SEC had to flex their muscles
I am confident that extensions to the deadline will be granted at the 11th hour.
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