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Re: Paul Brentjens post# 53488

Saturday, 09/07/2019 2:14:57 PM

Saturday, September 07, 2019 2:14:57 PM

Post# of 71147
Here is the process.

1) Accept revocation by the SEC. Ticker disappears, no longer trades.
2) Company completes two years of audited financials and submits a Form 10 to re-register the stock.
3) Company responds to SEC comments
4) The Form 10 goes effective and the company starts meeting its filing obligations.
5) The company finds a MM to sponsor a Form 211 and they submit to FINRA.
6) They respond to FINRA questions and hopefully FINRA approves.
7) After 30 days other Market Makers can “piggyback” on that 211 and the stock gets fully quoted by multiple market makers.

That process can take around 1-2 years based on the few others that have actually accomplished it after revocation.

And the number that have done it?

About 1-2 for every 1000 suspensions for delinquency.

"Harsh reality is always better than false hope"

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