World Surveillance Group Inc (fka WSGI)

[coastiretired]

The SEC can only suspend a ticker for 10 days. However, all stocks ending a suspension are transferred to the "Grey Market." Grey market stocks are not listed on any stock exchange and receive no quotes on the Pink Sheets or OTCBB. They are not eligible to be traded on any of these exchanges. Any trading of Grey Market stocks are between consenting adults and usually arranged through a broker. They are sold privately and may not be solicited or advertised to the public.

These stocks remain on the Grey Sheets until all SEC Litigation has been adjudicated by an SEC Administrative Law Judge at which point the shares are fully revoked. Of the thousands of OTC stocks that have been relegated to the Greys, I am not aware of a single one that has returned to a public exchange.

http://www.extraordinaryinvestor.com/grey-sheets.html