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Re: PennystockDon post# 708

Wednesday, 11/26/2014 11:43:53 AM

Wednesday, November 26, 2014 11:43:53 AM

Post# of 747
Based on some research I feel the suspension

resulted from a combination of Ebola News and their financial not justifying the news (lack of R&D budget).



If it were as simple as a previous filing being in conflict with a PR, 99% of the microcaps would already be suspended.

There was most likely illegal insider stock dumping as previously explained in a

prior post

The suspension should be lifted and continue to trade in the OTC Market.



That's a given. A suspension lasts 10 days. At which point the stock will resume trading on the grey sheet. It automatically happens. No action required by the company.

It might not be allowed to continue to be a SEC reporting company, due the number of times that you can be delinquent on your filings



A suspension has no effect on a filing company remaining a SEC filer. Technically they are still on the hook for delinquent filings, and to remain current. If they don't, then in about 2 yrs the SEC can delist them for failure to report. It's not unusual for a suspended filer to subsequently file a 15-12 to deregister the stock, and become a non-filer with the SEC.

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