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Thursday, July 27, 2017 2:02:17 PM
Before OTC stock quoting can resume after a suspension period, SEC regulations require a broker-dealer to review specific information about the company in accordance with Exchange Act Rule 15c2-11 and FINRA Rule 6432.
In order to regain compliance with Rule 15c2-11, the company must find a sponsoring market maker willing to file a Form 211 with FINRA, and FINRA must approve it.
Until that happens, the stock will trade on the Greys.
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