Quintessence
4 years ago
I think it will be bad until the CE gets removed. We need those filings!
I knew TDA was going to restrict buy orders on CE stocks as of today, but even E-trade won't let me place a buy order for ALMY. I would think about trying to catch some cheapies, but I can't place buy orders with either of my brokers now. I'm curious if other brokers have done the same.
The last communication I got from E-Trade is about changes coming on September 28, 2021:
New rules will affect your ability to buy and sell โPink No Informationโ securities, including at E*TRADE
On September 28, 2021, new requirements take effect that will impact the market forโand value ofโcertain โover-the-counter (OTC) securitiesโ you currently hold or have held in the past. The new rules apply to โPink No Informationโ OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.
Quintessence
4 years ago
Caveat Emptor (Buyer Beware) - OTC Markets designates many stocks as Caveat Emptor for various reason. Scull and Crossbones symbol. ALMY is designated CE and will be until after they get current on their financial reporting.
Buyer Beware. OTC Markets Group has determined that there is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.
https://www.otcmarkets.com/glossary#caveat-emptor
TechnicalAnalyst1984
4 years ago
At the closing bell: Bid 291,878 @ .028 and 73,200 on the Ask @ .04 almost 1/2 of today's volume was bought at the Ask of .04 and only 1,500 shares given up on the Bid!!!
You would think that bidders would finally realize that they are not going to get their 300K shares at .028 and would get what they can at .04 before it goes to .80!!! You want 300,000 shares and there is only 73,000 on the Ask and only 1,500 shares were given up today at the bid price??? What are these people smoking??? I want some of that!!!
ih8aloss
4 years ago
I think they might have under estimated the company growth, at least I hope so.
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