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Re: ranger_7 post# 33507

Thursday, 10/27/2016 11:12:36 PM

Thursday, October 27, 2016 11:12:36 PM

Post# of 38496

Do you think SEC would allow this to trade if it was dead? You do know that there may be people out there buying shares and if this was dead, SEC wouldn't allow it to happen



That is an incorrect assumption. Before you invest money on such an assumption, you should learn what the laws and regulations are first.

The SEC has no authority to stop trading, and a lot of long dead companies continue to trade. They even WARN people they can't stop trading in the shares of bankrupt companies:

"A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11.....There is no federal law that prohibits trading of securities of companies in bankruptcy."

https://www.sec.gov/investor/pubs/bankrupt.htm

ARIOQ is not an SEC registrant, so the SEC has nothing to do with the trading. FINRA is the primary regulator for OTC trading, and the stock will trade until FINRA is informed otherwise. There are quite a few companies that have gone through bankruptcy and/or liquidation, and the stock still trades because FINRA was never informed of the situation. Eventually, FINRA deletes the ticker but that can take awhile. ARIOQ will be deleted once Hoffmeister gets around to making the required notification, which may be delayed due to some specific language in the payment agreements with the creditors.

But to assume the stock is not going to be cancelled, and the ticker deleted, because it is still trading is not factual.

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