Alternative Energy Partners Inc (AEGY)

[TenKay]

Actually it is entirely correct. For new stocks (via IPO, S-1, etc) FINRA will issue a ticker symbol before approving a Form 211.

The only way a new stock gets to quoted trading on an exchange or the OTC is via FINRA approval of a 211 submitted by a sponsoring market maker to become compliant with Rule 15c2-11.

So while the company waits for that approval the "new" stock technically trades on the grey market.

The reason a suspended stock goes grey is because it loses compliance with Rule 15c2-11. That is a byproduct of the suspension. To get back to quoted trading the company must have a market maker submit a 211 to FINRA for approval. The difference is that it is hard to find a market maker willing to sponsor a 211 for an SEC suspended stock and even when on does it can be very difficult to get FINRA to approve it.

So for brand new stocks it is a pretty straight forward process...for previously suspended stocks (especially non-filers) it is almost impossible. Which is why only about 1 in 1000 suspended tickers can do it...and the only successful ones have been SEC filers...which of course AEGY is not since it deregistered.