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