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Re: None

Monday, 02/17/2020 11:24:13 AM

Monday, February 17, 2020 11:24:13 AM

Post# of 2068
$XLPI Grey to Pink---You just don't get off grey's unless you have MMs backing you.

In order to resume trading normally, on the Pinks or OTCMarkets’ OTCQB tier, the company must find a market maker willing to file a Form 211 to enable it to regain compliance with Rule 15c2-11. The form looks simple enough, but it is not. And there’s a special section asking whether the issue has been subject to a trading suspension. When an MM files a 211, it assumes liability. For that reason, they are not generally willing to sponsor a company that’s been suspended unless they have very good reason to believe the SEC will not be bringing a further enforcement action.

That's a huge sign this is going to go big.

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