luis asked in Business & FinanceInvesting · 2 months ago

Delisted Pink sheet stocks: Question?

When a Pinksheet is degraded to the point of being delisted for not complying ..Does the delisted company in the event of a private foreign acquirer.. purchasing the delisted pink.. still have to pay its old shareholders?

3 Answers

Relevance
  • kswck2
    Lv 7
    2 months ago

    They are supposed to, but Pink Sheets laws are rather vague. So good luck. 

  • Anonymous
    2 months ago

    They don't have to pay shareholders unless they decide to take it private. I held one for over 10 years and they are finally going private so I will get $4.13 a share soon.

    I had hoped for this much 10 years ago. So its been a long wait.https://www.globenewswire.com/news-release/2020/10...

  • Anonymous
    2 months ago

    Pink sheet stocks are marginal to begin with. They are called "Over The Counter" and not listed on a major exchange, and don't have to comply to laws related to listed stocks.

    Pink sheet securities trade on the Over-the-Counter Bulletin Board (OTCBB). Maybe it became Other-OTC/NBB. Any OTC equity security that is not quoted on the OTCBB but is eligible for trade reporting to the OTC Reporting Facility is categorized as "other-OTC" or non-Bulletin Board (NBB). This includes, but is not limited to, securities quoted on OTC Markets. Because other-OTC securities are not quoted on the OTCBB, you will not be able to access quotes on these stocks on FINRA.org.

    https://www.finra.org/filing-reporting/market-tran...

    Pay its shareholders what? Try writing to the company, or turn in the shares for a tax write off of the purchase price.

Still have questions? Get answers by asking now.