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Re: Sloan89RH post# 154879

Thursday, 07/25/2019 8:32:07 PM

Thursday, July 25, 2019 8:32:07 PM

Post# of 205105
All five suspensions were temporary in nature.

All SEC suspensions are temporary, by law. They expire after 10 trading days. Once the stock hasn't been quoted for four sessions, it loses compliance with Rule 15c2-11. That means it'll be bounced to the Grey Market.

And that means it'll have to find a sponsoring MM willing to file a Form 211 with FINRA. MMs are reluctant to do that for formerly suspended companies. And even if one eventually agrees, FINRA is often reluctant to approve.