Followers | 2568 |
Posts | 302815 |
Boards Moderated | 29 |
Alias Born | 04/12/2001 |
![](https://investorshub.advfn.com/uicon/5708.png?cb=1464372298)
Friday, February 26, 2016 4:33:01 PM
This is how it's supposed to work:
If a company finds a sponsoring MM to file a Form 211, and FINRA clears the 211, the sponsoring MM will then, supposedly, have the exclusive right to trade the stock for 30 days. After that, other MMs can "piggyback", making a market in the stock themselves.
I suppose it's also possible that during that period other MMs could file requests to quote the stock on an unsolicited basis. BUT if the 211 really was accepted, it shouldn't, I think, be trading with the "unsolicited trades only" warning, because it would have ONE MM making a market.
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM