FRC to OTC: The final chapter

Shareholders of FRC will now be able to sell their shares at the prevailing OTC exchange prices. As mentioned in my previous post, expecting a 10c to 1 dollar range. Definitely no possibility of ridiculous prices like 10 dollars or 30 dollars. For people still wanting to believe in the mythical "short squeeze" despite the change in counter names, I will let the market be the teacher. I will just add that as FRCB, people can also choose to short sell this counter, and considering the news that is already out regarding the hollow state of FRC after JPM took most of their revenue-generating assets, you can bet that short sellers will be keeping any surge in FRCB share price in check for a long time.

For options holders, this is where things get interesting. Due to FRC being moved to OTC in a matter of days, the options(calls and puts) that are expiring 5 May can still be covered/exercised right now. However, this is subject to your brokers' handling of your options. If you hold options not under Moomoo, I suggest you call your broker up to clarify how they intend to handle your options, whether it be letting you exercise your options, or letting them expire. I know at least Robinhood is preventing options exercise. For options bought under Moomoo, as far as I know, you should be able to exercise / trade these options prior to their respective expiry as usual. If you run into problems, you should contact Moomoo for assistance.