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TenKay

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TenKay

Re: oilin07 post# 14610

Friday, 05/18/2018 9:53:43 PM

Friday, May 18, 2018 9:53:43 PM

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“Can the company do anything within the 10 days to regain trading status? Do they automatically go to grey market?”

Yes...it is automatic. The suspension leads to loss of compliance with Rule 15c2-11, which leads to the stock going to the grey market. That happens within 4 trading days. Nothing will change that. After 10 days, when the suspension is lifted that is where it will open for trading.
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