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Re: janice shell post# 38444

Tuesday, 04/24/2018 4:40:29 PM

Tuesday, April 24, 2018 4:40:29 PM

Post# of 38496
I think our original explanation is the correct one.

The bankruptcy lawyer for ARIOQ was experienced, but not for bankruptcies of public companies. I believe this was his first one. Many things are different with public companies vs private one, and this is definitely one of them. He almost certainly did not understand that upon the conclusion of the bankruptcy that he had to notify FINRA of the share cancelation. The Court doesn't do it, and FINRA doesn't check with the court automatically.

Either FINRA finally inquired of the status of the bankruptcy (since the Q has been attached for many years now) or the bankruptcy lawyer finally sent in the paperwork to FINRA himself. Either way, it is a relief that it is finally taken care of.

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