InvestorsHub Logo
Followers 8
Posts 838
Boards Moderated 0
Alias Born 12/27/2008

Re: None

Wednesday, 04/26/2017 7:26:59 PM

Wednesday, April 26, 2017 7:26:59 PM

Post# of 38496
This answers the big question - Why is ARIOQ still trading?

From SEC.gov, here is their reply,

"Even when a company is no longer in business, there may still be active trading in its stock. This is because companies that are no longer operating may still have outstanding registered stock, which can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies"

It's quite simple, if traders want to buy and sell shares of a defunct company, then the SEC says "Have at it. We don't care." If anyone questions that, look at ARIOQ. It is living proof and is staring those who deny it right in the face. The stock, bankrupt and shares that were supposed to be canceled, is still trading. And people are making money. The SEC's response is, "Go ahead!"

https://www.sec.gov/fast-answers/answersdfnctcohtm.html

James
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.