Not usually. In this case if Carter still owns his shares then he has a big incentive to bring UOIP back. It is suspended due to delinquent filings. The warning letter was sent in January probably to Robert Howe who was battling cancer and passed away in May. Carter will have a good case for an exception to be made but I wouldn't hold my breath.
There have very few that come back after a suspension.
A question to the board. Since this will be trading on the grey sheets if a buyout or if Carter decides to take it private it should work the same way as if it were trading on the OTC right?
All of my posts are my opinion only and are not meant to be investment advice.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.