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Re: PBGoodwill post# 501

Thursday, 06/07/2018 7:01:35 AM

Thursday, June 07, 2018 7:01:35 AM

Post# of 554
You need to differenciate here. If you get suspended for delinquent filing like UBLI did, you will trade on the grey sheet for a few weeks until the judge grants the revocation and then the entire symbol will be gone from trading. You then hold shares of a company in you account which you can‘t trade anymore. Chance is that the company can convince the SEC to not revoke them if they file everything needed but I don’t know of one example of a suspended ticker for delinquent filings which didn’t get revoked. Theoretically a revoked stock can come back to life but it is a very complicated and time consuming way to file all necessary stuff and even then the SEC would decide if that‘s enough to get back. I think not more than 2-3 made it back from revocation out of thousands. I know it‘s possible because I owned one that made it back and is now even trading on the Nasdaq. Like a miracle.

If you get suspended to the grey sheets for something else like fraud or such stuff, you will usually just continue to trade on the grey sheets. There has been companies coming back from grey to pink sheets in the past if they got suspended for sonething else than delinquent filings, but it‘s rather rare I would say.

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