Temporary BUY Restrictions on Illiquid OTC Penny Stocks

All I hope is I want to buy more share of CBBT

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If your intermediary is still interactive brokers, i am a customer with them as well and no restrictions are in place with those stocks if i buy them with iab directly.

Your lying since February.

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Glad you read and understood the post Stefan!

The buy restrictions on the 212 platform have been requested by our intermediary - Interactive brokers have put this in place on the 212 account.

End of day I suspect the reasons have came for the regulator. From a business perspective, It doesn’t make sense for IB to limit trading as that is their business model, to facilitate trading and take a small fee in return.

The way people trade on markets is changing. It’s no longer just high net worth individuals and companies. As a result the way trading is monitored by the regulators needs to change and has a long way to catch up.

Another view could be - why are the stocks illiquid, and why are the masses suddenly wanting to buy illiquid stocks. It could be that they have a solid business model and everyone is looking to buy and hold. Or is it simply the next wave of a Reddit pump and dump.

Why is the topic heading of this subject still, ‘Temporary’? Surely this is misleading? And if not, a definition and timeline needs to be given.

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Hi, can we have an update on this it’s been MONTHS already?? Can we have a DATE of when we can expect these suspensions to be lifted??

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I understand this but it’s been months so how long is this suspension going to last for? There’s been stocks that have been suspended properly since December last year can we have some idea when this will end?!

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Any updates on restrictions? It’s been MONTHS

Can we get a rough estimate or timeline of when restrictions will be lifted?

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I imagine restrictions will be lifted when the MMs decide to rotate back into small caps…call me cynical…

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Why is this stock still under restrictions? My understanding is that IB your intermediary doesn’t have this suspended so what’s the reasoning? Things are just getting worse and worse lately

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Can someone from T212 respond because this is a joke now tbh…

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This sort of comment undermines what could have been a legitimate post. Ask for an update yes. Spurious allegations no.

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Have GAXY not met the PSE yet?

https://www.otcmarkets.com/filing/html?id=14951685&guid=1ZvnUFjE8AY_kyh

Has to meet one of these

  1. A price of over $5 per share

  2. the issuer has Average Revenue of at least $6 million for the last 3 years

  3. the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.

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IQST has 2 of the 3. Doesn’t make a difference

Do we get a reply when you will lift the restrictions? Why other investors can buy this and we don’t ? I can’t sell/buy or average down . We want an accurate real response and not the same copy/paste reply .

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CLIS is still locked, I don’t quite understand why it takes so long to lift this. I mean you could for starters limit the daily buy volume but a full stop seems suspicious.

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:man_shrugging: those news stories look :grimacing:

Appears to have had a decent bounce

Agree with you to a point, but that’s basically telling people they cant access their money as well which is a different can of worms.

I dont think 212 are restricting them, its likely either the regulator, or IB. It also raises the question as well - what are people actually buying into here?

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Trading 212 please update us regarding the restrictions and what progress have been made.
Please STOP controlling the free market.

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