Spectra7 Microsystems Inc (SEV)

[IBB-99]

It is a gray market security.

https://www.otcmarkets.com/stock/SPVNF/overview

A gray market is an unofficial market where securities are traded. Gray (or “grey”) market trading generally occurs when a stock that has been suspended trades off-market, or when new securities are bought and sold before official trading begins. The gray market enables the issuer and underwriters to gauge demand for a new offering because it is a “when issued” market; i.e., it trades securities that will be offered in the very near future. The gray market is an unofficial one, but is not illegal.

https://www.investopedia.com/terms/g/graymarket.asp

To get quoted as a OTCQX, OTCQB and Pink security, a company must find one broker-dealer willing to quote their stock on OTC Link® ATS. Only SEC-registered broker-dealers, that are members of the Financial Industry Regulatory Authority (FINRA), can quote securities. The broker-dealer must file a Form 211 with FINRA in order to initiate the process. Once FINRA approves the Form 211, the market maker that filed the form can begin quoting the security on OTC Link® ATS.

https://www.otcmarkets.com/learn/faqs

Should be a nice positive catalyst should SPVNF find a sponsor and decide to uplist. Does anyone know how we got here?