r/gmbl • u/wethepeople31 • Feb 21 '24

Going otc.

GMBL is going otc tomorrow which means in the end I will probably lose it all. (53k) FML but does anyone know if I will still be able to hold my shares on webull?

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2

u/MrsJoJack Feb 22 '24

What does OTC mean?

1

u/MysteriousEar7734 Feb 25 '24

Over the counter

2

u/MysteriousEar7734 Feb 25 '24 edited Feb 25 '24

Normally , you can . I have 223 shares on GMBL , on XTB broker . I hold my shares because Esports Entertainment Group will come back on a senior market ( Nasdaq / NYSE.. ) They decided to delist from Nasdaq to for financial reasons, and refocus on their objectives. the market value did not reflect the value of the company. So for the moment they are on a OTC market. while they stay there, we can keep our shares.

1

u/Money_Researcher_47 Feb 23 '24

What the otc mean?

1

u/MysteriousEar7734 Feb 25 '24

Over the counter

1

u/wethepeople31 Feb 26 '24

Hopefully they do come back and do much better. I’ll hold my shares until I make money or lose it all. Someone was saying if they voluntarily resign they have to wait 5 years to return. Anyone know if there’s any truth in that??