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Re: Poptech post# 9957

Monday, 04/04/2016 6:42:53 PM

Monday, April 04, 2016 6:42:53 PM

Post# of 10055
Popt: How can you claim this?...

Market makers did not shut down KEYO trading. That is nonsense and don't understand the point of making that up. What is to be gained by changing the stated reason?

Who is making things up here? The below shows who is making things up and it's not them and I'm only reporting the facts.

OTC Markets

How to Get Traded

To become an OTCQX, OTCQB or OTC Pink company, at least one broker-dealer must quote the company's securities on OTC Link® ATS. OTC Link® ATS is operated by OTC Link LLC, an SEC-registered Alternative Trading System (ATS) and FINRA member broker-dealer wholly owned by OTC Markets Group. Unlike on stock exchanges, companies do not list their own stock for trading. Rather, broker-dealers begin quoting new securities on OTC Link® ATS by submitting a Form 211 with the Financial Industry Regulatory Authority (FINRA).



SEC

OTC Bulletin Board

Only broker-dealers qualified with FINRA as market makers can apply to quote securities on the OTCBB. Under the OTCBB's eligibility rule, companies that want to have their securities quoted on the OTCBB must seek the sponsorship of a market maker as well as file current financial reports with the SEC or with their banking or insurance regulator. For more information, you may view the OTCBB's website at www.otcbb.com.



The DOOZY...

FINRA (OTCBB)

7. How does a company get on the OTCBB?
An issuer may not submit an application directly to be quoted on the OTCBB. A market maker must sponsor the security and demonstrate compliance with SEC Rule 15c2-11 before it can initiate a quote in a specific security on the OTCBB.
8. How does a security that has been delisted from an exchange get on the OTCBB?
For a security being delisted from an exchange, a Market Maker must file a Form 211.
9. When can a company be removed from the OTCBB?
OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on an exchange, it will no longer be eligible and will be removed from the OTCBB.



FINRA tells us right there, point blank that the market makers shut down trading. And in KEYO's case the MM's stated to FINRA it was because the company is dissolved. They lied because Keyon's status w/ the DE SOS is not CANCELLED, which if it were would signify Keyon being fully dissolved. You even pulled it up and showed us that Keyon's status w/ the DE SOS is DISSOLVED, therefore, still in the middle of the dissolution period. Thereby, making Keyon still a legally existing company called a non-trading, non-reporting public shell that can be used in a RTM

Market makers did not shut down KEYO trading. That is nonsense and don't understand the point of making that up.

So, if the above sourced authorities state that it takes a market maker to sponsor a company to trade on the OTCBB and it takes a market maker to remove a company from trading on the OTCBB, and you stated that made up nonsense, then tell us...

HOW EXACTLY DOES A COMPANY STOP TRADING ON THE OTCBB?

lns


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