GTTN (GTT Communications Inc)

This showed up in my Fidelity account today.

Upcoming regulatory changes to certain OTC securities that you may hold in your account. On September 28, 2021, new Securities and Exchange Commission (SEC) requirements go into effect that will impact the way certain “over-the-counter” (“OTC”) securities can be quoted, traded, and valued in your account. These industry-wide requirements impact OTC securities classified as “Pink-No Information,” which indicates that the company has failed to make current financial and other company information publicly available. To help improve transparency and investor protection, these securities will be classified as “Expert Market” and the SEC will prohibit market makers from providing quotes.

I spoke with a Fidelity rep who said I couldn’t buy GTTN at all! I even told them I’d sign any waiver they threw at me and I got the big ol, nope!

@jgsavoldi any insight to the recent developments above?

Yep! @jgsavoldi any updated insight would be nice!

So far I am really happy that Fidelity stock blocked me.

looks like a bet for sure. like @jgsavoldi mentioned, it is an all or nothing bet. knowing the risk i would definitely only invest what i am 100% comfortable loosing on this “bet”. of course i hope the company gets a turn around and we see some good retests. Aloha and good luck

same here a couple weeks ago. Time will tell what will happen and another lesson learned from this company.


Here is my latest email to GTT just now. Charlie Lucas is VP Finance @ GTT. Keep group posted !

2 Likes

nice, good luck with response…


GTT response was that “no updates”. BULLSHIT so I reposted back hard!!!

1 Like

Schwab also restricting buying. Currently, Sell only.

image

image

Just read the article on yahoo finance…it said nothing about what happens to shareholders…I just called 877-329-1803…they are selling a division, filing chapter 11, then shareholders will be issued warrants, this is what they told me…you can talk to a live person at this phone number …

TLDR: RSA and infrastructure sale, Chapter 11 for the rest.
GTT 8-K September 2, 2021

So … that’s it. We jz lost money ?

Sucks, but thats what it looks like. Good thing i stuck with the 1% bet

issued warrants? What does that mean?

And now the stock is up 5% for the day? WTF?

i didnt get how it was up either, thats why i sold what i had.

BAM Investor is not a licensed broker, broker-dealer, market maker, investment banker, investment advisor, analyst or underwriter. Our discussions, analysis and predictions are derived by our interpretation of our proprietary model’s readings, and should not be misconstrued as an investment recommendation or advice in any form. It should be clearly understood by anyone viewing this site or related materials that investing in the stock market carries with it inherent risks and uncertainties. The actual results of a stock or commodity or currency could differ materially from descriptions given. There is a risk for substantial losses trading securities and commodities. Material and commentary provided is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities.

The information contained on this website and any subsequent reports or articles are based on analysis of qualitative, statistical, and financial data and should not be interpreted as recommendations based on a complete investment evaluation. The information is based on sources that BAMinvestor believes to be reliable, but no representation, express or implied, is made with respect to the accuracy, completeness, reliability, or timeliness. The information is subject to change without notice, and BAMinvestor does not accept responsibility to update it.

BAMinvestor does not accept responsibility or liability for any direct, indirect, special, consequential, or other losses or damages of any kind whatsoever arising out of access to, or use of, any reports or information contained in it.

Principals or employees of BAMinvestor may have a position in, and may from time to time purchase or sell, securities of any company discussed in this report.