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Re: PennystockDon post# 717

Wednesday, 12/03/2014 10:52:34 AM

Wednesday, December 03, 2014 10:52:34 AM

Post# of 747
Actually, to be specific, it is not done by the company but by a sponsoring market maker. The problem is, it is rare that a suspended company can convince a MM to sponsor a 211 because the MM assumes liability that the company and when the SEC suspends that is not an easy thing for the MM to do. Although it is not out of the question, I know of about 4 or 5 that have gotten a MM to submit one to Finra and there are probabaly alot more...only one has gotten a 211 approved in the last 2000+ suspensions.

The odds are terrible.