The one thing that FINRA made perfectly clear to me about ASYTQ,
is that someone (a Market Maker, or the company ),can fill out a Form 211 , and be able to get the shares trading again.
It doesn't matter that the shares were cancelled !
The shares had been cancelled on March 5, 2010.
The shares continued to trade on the Pinks, because a Market Maker was maintaining the Bid and Ask, as there were willing participants, willing to trade the stock.
The stock traded for all of 2010, and most of 2011, even though the shares were cancelled.
They don't trade any longer, only because FINRA instructed the OTC to Delete the shares, at the request of some outside party.
I called, and spoke to FINRA myself.
They said that someone requested that the shares be Deleted from the OTC Market.
They explained to me that all someone needs to do to get the shares trading again, is fill out the Form 211.
In other words, if the company, or a Market Maker had a reason for the shares to be trading on the Market, this is the step they would take.
If a Reverse Merger was being planned, by ASYTQ and another company, this is how they would begin.
