Creative Edge Nutrition Inc (FITX)

[1manband]

That makes sense. So if I understand this correctly a company gets suspended because of suspected fraud but since no fraud is found they continue to trade in the greys 'till an MM picks them up and applies to have them trade back in the pinks.

That is not correct. The SEC has no power to do anything regarding the trading not matter the result. Even if the management is charged with fraud, and convicted, the stock will continue to trade since FITX is not an SEC registrant and the registration cannot be revoked.

Do not make the mistake in believing that since the stock is trading (even in the gray market) that the SEC is not investigating and/or have already found fraud. The trading of the stock on the gray market is completely independent of the fraud situation and investigation. Especially since SEC formal investigations can take up to 5 years to complete, and average 2 1/2 years until charges are filed from the date of the trading suspension.