There will not be a halt
The reason is simple. The OTCBB is not a self regulatory exchange like AMEX, NYSE or Naz. Therefore the NASD, which manages the OTCBB has absolutely no authority to issue a halt except in very rare circumstances, such as
1. the company is also traded on a foreign exchange and is halted on that exchange (Foreign Regulatory Halt)
2. the security is a derivative of a company listed on a national exchange. For instance, warrants traded on the OTCBB of a company on the Naz will be halted if the trading of the company’s stock on the Naz is halted (listed security halt)
3. the company has failed to comply with the requirements of SEC Rule 10b-17 (Record Dates)
Other than for these reasons, the NASD is totally powerless to issue trading halts on the OTCBB (and so is anybody else). The halts you see on real exchanges for anticipated news can therefore never happen and has never happened on the OTCBB.
The only other authority to stop trading on the OTCBB is the SEC, which actually does not issue halts, it merely suspends the trading for a set period of time. Usually 3 weeks.
That is, and I hope everybody reading this board understands that it does not matter how much the CEO or anybody else is screaming about a halt, it will not happen. Not now, not ever.
Tomorrow morning the new symbol will be effective and FHAL will be trading under its new ticker as if nothing had happened. No halt.
TT
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
