No, you have it backwards. First, it will resume trading on the Greys on the morning of 16 November. It will be officially delisted to the Greys before that; probably on Monday, though it could happen as soon as Friday. You'll see it on OTCMarkets. It will be tradable on the Greys.
The revocation process is another issue. Once the company is served with the OIP, it'll have 10 days in which to make some kind of response. Or not. In their response, they can, if they want, simply agree to revocation of registration. They also have the option of protesting revocation, but I don't really see how they can do that effectively. They ARE delinquent.
First, there'll be an Initial Decision. Then, no less than 21 days after that, the initial decision will become final. And then the ticker will be deleted. It will no longer be tradable, unless shareholders want to try to arrange private transactions among themselves.
As I understand it, though--I've never owned a revoked stock--the shares will stay in your account; they just won't have a value or a ticker.
