CBBT has been limited to selling shares only

I wouldnā€™t mind it being sell only but bought some shares today half an hour before.

You guys should have put the warning on at Market Opening.

3 Likes

well you guys couldā€™ve at least let your customers know about this instead of doing this way.

3 Likes

@Sal I understand your frustration but please, try to understand that thereā€™s also no way Trading 212 could predict that a certain security would have its penny stock status removed - or that it would be investigated/suspended by the SEC - like $COUV.

These are things that are not under our control.

2 Likes

Is ATVK on this list under review?

If I decide not to sell. Could I be forced to sell?

cause this is a thing alot of us told you about. that cbbt atvk gaxy were not pse and none of you guys say anything until today all of a sudden sell only mode?

1 Like

Sorry to be confused, but how would anyone lose money by not being able to buy shares?

1 Like

Because the price will go down as no one is buying the shares. So if people already own them then they will lose money

1 Like

Shares will be still tradeable OTC, there will still be buyers.

people are still buying them, just not those of us on T212.

Shall I sell my shares then?? New to investing and have never experienced this issue before

1 Like

The companies still exist, the share prices can go up or down, it is your decision to sell or hold for longer.

2 Likes

I also want to hold onto my stock.
Iā€™m keen to understand what happens now, as surely I canā€™t be forced to sell.

2 Likes

Any advice from the more experienced investors would be greatly appreciated as I have taken a serious hit on this one :tired_face:

Hello, why you re blocking $gaxy, $cbbt like penny stock exempt. Youre the only one who is blocking this stocks. Thank you for answer

Best regards.

@Darkin T212 is UK based company. And those I think it makes

the regulatory burden involved in handling penny stocks.

as it was stated by someone from community management. It is their choice as company.
I am angry too, as you can say, because I couldnt avarage down my price. But it can happens, we knew what need to be done by otc stock to be listed in t212.

3 Likes

So they can sell our shares ?? Or just delisting it without money ?

GAXY wasnā€™t penny stock exempt before though. It got added to T212 by mistake, along with a couple others at the time.

The only reason for not adding them is just that they come with a lot of regulatory baggage.

@Joey_Fantana

Hereā€™s me talking about it 17 Jan when someone asked why canā€™t another be added if GAXY was added and that wasnā€™t PSE

And the 26 Jan

We know nothing @Darkin Snow. Just need to wait for official statements from t212.

1 Like

Can someone at T212 explain this Tweet by the CFO herself?

3 Likes