SK3 Group Inc. (SKTO)

[Ed the Trader]

once the SEC has arrived at the suspension phase, it's not interested in helping anyone except future investors.

if they were interested in helping, wouldn't you think suspended stocks would have new form 211s filed and get off the greys with the SEC's blessing? and how many times has that happened?

When a market maker files a 211 to list a company's stock, it is assuming the liability of vouching for the corporation. It is putting in writing that the market maker has done due diligence on the corporation such that the market maker finds that investment in the corporation's security is a worthwhile investment. Any market maker who files a 211 to list a corporation's stock can be held directly liable if the corporation is not legitimate.

When the SEC suspends a stock, it is officially (with the force of law on its side) stating that the SEC finds that the corporation has done something improper.

Unless the SEC provides a market maker with a written confirmation that the SEC is completely finished with all investigation of the company, no market maker will assume the liability of vouching for a corporation which has a suspended ticker by filing a new 211 for that corporation. The SEC almost never provides such a written confirmation.