Home > Boards > US OTC > Delisted > Zentric Inc. (fka ZNTR)

Can the company do anything within the 10

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
oilin07 Member Profile
Member Level 
Followed By 195
Posts 16,866
Boards Moderated 5
Alias Born 12/27/06
160x600 placeholder
oilin07 Member Level  Friday, 05/18/18 09:28:06 PM
Re: TenKay post# 14604
Post # of 14639 
Can the company do anything within the 10 days to regain trading status? Do they automatically go to grey market? (Death sentence)

This is from SEC:

"A broker must also file a form with FINRA that needs to be approved before quoting can resume. The broker can file the form after it obtains and reviews current information about the company, including:

the company’s organization, operations and certain control affiliates;the title and class of securities outstanding and being traded; andthe company’s most recent balance sheet and profit and loss and retained earnings statement.

The broker filing the form must have a reasonable basis for believing the information is accurate and that it comes from reliable sources. A broker generally cannot quote the stock or solicit or recommend the stock to any investor until the form is approved. After approval, the broker can begin quoting—and other brokers may also quote the stock relying, or "piggybacking," on the first broker’s quote without filing the form or reviewing the company information on their own. Be aware that the SEC’s ability to continue a trading suspension indefinitely is strictly limited. As a result, the lifting of a trading suspension does not mean that the SEC’s concerns have been addressed and no longer apply. "



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist