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Tuesday, October 29, 2019 11:20:28 PM
1) Custodian search for a defunct/dark ticker.
2) custodian buys a small amount of shares.
3) custodian try to communicate with old management 3 times by mail, email and phone.
4) if old management don't comply in a month. the custodian goes to court and petition custodianship of the ticker.
5) after custodianship granted they reinstate the ticker.
from here there are 2 ways depending of what the merging company wants
path A
6) custodian get the ticker pink current before the merging company takes it (current tickers cost $300k+)
path B
6) the company takes the ticker dark, they merge in and then they get it current. (dark tickers cost $100K+)
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