RCHA -- this is an interesting one. Lost their Mar
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Posted On: 09/23/2021 9:19:54 PM
RCHA -- this is an interesting one. Lost their Market Maker status in June this year due to SEC delinquency. Haven't filed a financial SEC report since 2018. 3 years behind their obligation and requirement to file.
BUT... they filed an annual fin on OTC Markets. WTF is that all about?
I was tempted to ask this question WHY over on the iHub basher board, but that place is not worth my time.
WHY file with OTC Markets when they are facing inevitable revocation of the stock registration?
A quick pump? It was at .0001 and now sits at .0013 (A 1200% quick gain with large volume in just a few days). Probably.
Are they clueless and think that OTC Markets will bring them current again with quotes? OTC Markets cannot bring them current again with quotation.
Do they think that if OTC Markets removes "Expert Market" and gives them the stop sign, they can continue with OTC Market filings and gain a new market maker representation? No. A market maker will never sponsor a company that has been suspended due to SEC delinquency. It just doesn't happen.
I'm going to sticky this just so we can keep an eye on this to see the outcome. Even in these strange changing OTC Market times, revocation is inevitable on this one: RCHA. I hope to be wrong. But fun to watch.
Let's see what happens.
BUT... they filed an annual fin on OTC Markets. WTF is that all about?
I was tempted to ask this question WHY over on the iHub basher board, but that place is not worth my time.
WHY file with OTC Markets when they are facing inevitable revocation of the stock registration?
A quick pump? It was at .0001 and now sits at .0013 (A 1200% quick gain with large volume in just a few days). Probably.
Are they clueless and think that OTC Markets will bring them current again with quotes? OTC Markets cannot bring them current again with quotation.
Do they think that if OTC Markets removes "Expert Market" and gives them the stop sign, they can continue with OTC Market filings and gain a new market maker representation? No. A market maker will never sponsor a company that has been suspended due to SEC delinquency. It just doesn't happen.
I'm going to sticky this just so we can keep an eye on this to see the outcome. Even in these strange changing OTC Market times, revocation is inevitable on this one: RCHA. I hope to be wrong. But fun to watch.
Let's see what happens.
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