InvestorsHub Logo
Followers 8
Posts 838
Boards Moderated 0
Alias Born 12/27/2008

Re: jet101 post# 37369

Wednesday, 10/11/2017 8:56:10 AM

Wednesday, October 11, 2017 8:56:10 AM

Post# of 38496
Here is why it is still trading.

This comes right from the link the SEC provided,

"The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies." This comes from this link: https://www.sec.gov/fast-answers/answersdfnctcohtm.html.

The bottom line right from the SEC is that a company can still allow its stock symbol to be active and so allow buying or selling of its shares. If investors want to buy some, "have at it."

There is nothing more to wonder or discuss. The SEC's response is final (above). So watch that ask size continue to shrink and one day soon it may have a bid and the stock could soar.

James

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.