Well said!
Anyone who attaches any credibility to anything said on social media such as Twitter, Facebook or Ihub, deserves to lose their entire investment IMO. There is no 'accountability' attached to social media.
There are two types of SEC Suspensions, one for SEC Registered Issuers/Filers that are delinquent in filing Financials. The SEC Suspension is always accompanied with an Administrative Proceeding outlining the Financials delinquencies. Those stocks will have their stock registrations revoked, NO EXCEPTIONS!! Stocks in this category will remain on the Grey Market until the SEC Admin Law Judge revokes the stock registration.
The second type of SEC Suspension involves questions about adequacy and/or accuracy of company information, including news releases, share issuances, stock promotions, whatever else the SEC may allege. This group comprises SEC Registered stocks or OTC stocks that are not registered with the SEC. Both categories of stocks will remain on the Grey Market until either the SEC Admin Law Judge revokes the registrations of SEC Registered stocks or until FINRA deletes the ticker symbols of OTC stocks that are not registered with the SEC.
You are correct in that the SEC has no set time frame, but they usually occur from 18 months to 2 years for delinquent stocks depending on specific circumstances and complaints??
GLTA and JMO
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