Sobek
4 years ago
Well thanks I guess. But what I see is a company in the process of getting filings current and within this process they hit a bump with their previous TA which made the OTC kick back the filings that came out just a few weeks ago
If you note, what the old TA registered with the OTC as the float is incorrect compared to previous filings, which was the info the OTC caught when they reviewed their filings. That's it.
As far as the only r/s in the history of the company, for new shareholders is a big positive. Though I do understand it sucks to be on the wrong end of one, it does not mean it's the end of the ticker.
That all said, though the float is obviously not 45k shares, it's most definitely not 45m, nowhere close according to chart history.
Also a company doesn't reinstate their state business license or OTCM profile or file financials (temp. retracted or not) if they were abandoning operations
Of course it's a lotto right now but that's where the biggest gainers start from
But if you're interested, you can use this link if you like to watch for future r/s's in any OTC company. I check it daily out of habit and it's saved me many times from getting trapped in a r/s
https://otce.finra.org/otce/dailyList?viewType=Dividends%2FDistributions%2FSplits