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TenKay

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TenKay

Re: pennystock_es post# 9094

Tuesday, 05/22/2018 11:03:29 AM

Tuesday, May 22, 2018 11:03:29 AM

Post# of 10142
There is no such thing as a "permanent" suspension. The maximum the SEC can suspend for unilaterally is 10 days.

The stock will be put on the grey market in the next four days for lack of compliance with Rule 15c2-11 as a result of the suspension.

It will open there after the 10 trading day suspension expires, but will be without quotation. Matched trades only.

In the meantime the revocation proceedings will advance and sometime within the next 2-3 months the stock will be revoked and the ticker will disappear.

At that point it will be a "private" company.
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