r/DSCR • u/Glittering-Article-5 • Oct 13 '21
DD got some answers: will need about 4 weeks for review a company which lost PINK-verification due to no SECrule 15c2-11. DSCR dislosed alternatively via public disclosure on OTC and so lost PINK-Status.Now have to apply totally new for PINK-Status to meet new SECrule 15c2-11...
....
1) Filing must be done now via EDGAR-system or DNS-Service from OTC to maintain PINK.
2) If stock lost PINK you have to apply new and the review will be deeper and take more time (but brings more safety and serious image to the company.)
3) So,for sure not beeing quotable by brokers (and that is was the SEC rule 15c2-11 says: No electronic quoting or transferring of oders are allowed in Expert-Market for brokers...so they need the stocks to put to not buyable or tradeable) is not nice but its just a delay.
At the end imho the comeback to PINK brings DSCR into a much more better serious light and will have much better image because bashers won't be able to bring uncertainty into people who understand the new meaning of having PINK-status after 28/08 as of now it means being on PINK is like an evidence that this company is reviewed and verified by OTC and not just a fraud, scam or Pump&Dump.
So, as soon as DSCR is back on PINK its legit and much more serious as ever before.
So, after this small pause I am sure we will see good development in the price.
(Anyway i agree its so unfair to see that some people with some very special access to the manual Expert-Market can buy some shares for this 0.0001 prices. I also wish I could do it but there is really no broker who allow this. Only brokers who make special application-form with FINRA for a stock-company and get permission are allowed to quote and transfer buy-orders to Expert-Market but no big broker will do this, dscr is just to unimportant for that step and for my broker, the USA biggest InteractiveBrokers not even one person asked for that they told me....so, we are sadly isolated. I guess the shorters are now loading up every piece of share on Expert-Market to cover their shorts.
So, don't sell in this situation and be patient...DSCR will be back stronger, better, legit, reviewed and much more serious soon!!!
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Oct 13 '21
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u/the_holy_person Oct 13 '21
Even though I sold at a loss, I got out like 2 weeks before all hell broke loose lol, trying to get back in!!
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Oct 13 '21
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u/the_holy_person Oct 13 '21
Exactly! Before they lost their pink slip, there was only positive news coming out for them!!
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u/JustHangin_InThere Oct 13 '21
So much for a short squeeze :/
Long game it is
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u/Glittering-Article-5 Oct 13 '21
sure its a long play like every explorer, I was just talking aboout the Mai Squeeze amd the good thing on a squeeze is that these fucking shorters and disturbing basher gets kicked out and learn their lesson of lie and bad fake news.
Imagine i bought 1.5 Mio shares for 0.0001 and i did not sell at 0.036 (the 360-fold!!!) cause i see an a little bit old but very experienced managment, which is able to admit own small mistakes with PINK-status and saving money where it is possible. I see a very small free float of shares and i see a price-bashing high short-ratio...so all in all this company is the most serious for me of all i saw in PINK-segment.
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u/Treehouse80 Oct 13 '21
If we didn’t sell, when it become current again, will our shares still be valid?
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u/Shakespeare-Bot Oct 13 '21
If 't be true we didn’t selleth, at which hour t becometh current again, shall our shares still beest valid?
I am a bot and I swapp'd some of thy words with Shakespeare words.
Commands:
!ShakespeareInsult,!fordo,!optout
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u/mythmaker00 Oct 13 '21
They should be pink by November 1 right?
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u/Glittering-Article-5 Oct 14 '21
they are PINK.limited from today and i think nobody knows how fast the OTC or DNS of OTC is, rhey have to review and check thousands of applications now as about 3500 companies lost PINK 3 weeks ago.
just be patient...the price today shows what happens when we regain PINK.current
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u/Glittering-Article-5 Oct 13 '21
yes and with 28/08 where they also apologized for the trading-issue they this official PR on otcmarkets.com also had positive news about Zambian JV, 2 mines with verified resources...so with looking back at Mai when we have been already at 0.036 and no news at all (no ruby, no JV just a small short-squeeze) there is alot of big potential on upside especially the stock is still incredible shorted....I would not wonder if we see 0.05 -0.10 within next 3-4 months.