LogFAQs > #957640988

TD should definitely still let you buy until the 3rd, this Friday. I can. eTrade cut off buying yesterday, and I know Robinhood and other brokers never allowed trading on stop sign tickers to begin with. Presuming it's not current by Friday, I honestly don't know any brokers that you can buy on afterwards. I think there are some non-traditional ones that would allow you to, but I don't know what they are or the reputations of those brokerages.

Anyway, I think there are others in GVSI here and this situation has certainly complicated things, so here are all my thoughts on it:

The actual pink current deadline is September 28th, so in the big picture, I am not worried about George Sharp getting all his custodianships current. He'll get it done. If you take a look at the twitter accounts he just made for all of them, they're each called "OTCPink" followed by the ticker symbol. If there's one thing GS doesn't do, it's false advertising. Sounds like they should be pretty much ready to go already.

The question is what happens to the price in the meantime, and I can see the argument both ways that you should load up now and that you should sell some now. Personally, I sold half of my position over the last few days, leaving me with a million left just to deleverage risk. That's still 50k invested at these prices. I'm certainly bullish and high conviction on this trade, to say the least. Fortunately I've also made around 40k of realized gains, and my remaining average in these last million is around .03. I'm in a very good boat here having gotten in back in April.

I'm not sure how this can run without buyers while trading is restricted though! I won't be surprised if I regret selling that million and having to buy back higher (I don't need 2 million but I'd like to have close to that amount before a merger announcement), nor will I be surprised if it dumps while trading is restricted. On the dump potential though, look how much the volume has plummetted since these restrictions started and look at the price. Besides a few day traders, of which the majority being MMs wouldn't surprise me, it looks like almost everyone left is long GVSI. This is very reassuring in holding a big position while trading is restricted. Better yet is GOFF: nobody sells that thing, and the market cap valuation is like a third GVSI. I think that's probably the safest play of the George Sharp stocks, if there's a restricted trading period.

Finally, restrictions usually aren't lifted immediately. I've read there can be a 3 day plus period to allow buying again, maybe even a week or two. So if you're not in and big things are announced, well, too bad. Things moved fast with TSNP once it got current.

So yeah, personally, I sold half to cut my risk exposure and still kept a hefty sum. I honestly may buy back a few since we have a three day weekend coming up, and if there's no news, could sell those extra shares on Tuesday if it starts trending downward. But I can't imagine GS made those three new twitter accounts for each stock without having big announcements planned. Oh and one final thing: there was a filing that dropped on Nevada SOS yesterday, which grants the OTCIQ access. We can't see the contents of these filings, just that it happened. That could be the filing needed for current access, or that could just be one of the ones needed. We'll know soon enough.