Sector 10, Inc. (SECI)

[Throwingawaymoney]

i see a lot of people with a very doomsday view on this whole process while trading suspensions are bad this could go two ways the first is the doomsday alley everyone is orchestrating. the second is the company trades again after 10 days those are the facts. it doesn't automatically go to greys it doesn't automatically trade again. as many have posted a form 211 is required to be filed unless a company meets certain restrictions as per guidelines on the finra website. now where this differs from what many have posted is the ease in which the form 211 is to file well guess what it looks fairly simple for any company who is up to date on filings and no company wrong doing is seen. here is a link directly to the form 211 people claim to be impossible to overcome
https://www.finra.org/sites/default/files/AppSupportDoc/p126234.pdf
i would think that any company filing regular reports this process would be a breeze. Now the next question is will it trade once again well finra has stated on the trading suspension faq that if any question arises as to whether the broker will quote the stock again a simple phone call to the broker will suppl you with the answer as it boils down to choice. Also I saw some silver lining to this whole situation myself as i noticed on form 211 the broker places a initial bid and ask for the security this means after the court case the broker would set the bid and ask to open at market again. this would pretty much crush any attempt to cover shorts if it opened huge with a favorable verdict in favor of the company. The only thing we can do now is sit back and wait on our hands its not grey sheets yet and all is not lost. all of this of course is IMO with information derived from the finra website regarding trading suspensions.