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Saturday, January 10, 2015 9:56:06 AM
It's a bit more complicated than that. "The entity’s right to do business is revoked as an operation of law and the entity status in our system is changed to “Revoked.”" That should happen sometime in June or so. Here's where things get complicated: technically, because the entity can no longer operate, technically the stock itself is supposed to be delisted from public trade and we would become private holders would have to deal with our claims in court. Now, whether the SEC or FINRA would enforce the "delistment" or even notice on such a small firm is a completely different story.
Now, what may happen is OTC Markets may change to caveat emptor or grey makret.
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