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Previously suspended stocks should not leave the Grey

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Renee Member Level  Monday, 04/13/20 08:45:20 AM
Re: molee post# 1464
Post # of 1468 
Previously suspended stocks should not leave the Grey Market unless a Market Maker has received evidence that a company is in complete compliance to Rule 15c2-11, ie., verifiable info on all aspects of a company's operations and finances. Then a Market Maker submits a Form 211 to FINRA to be able to provide quotations and a market for that company's stock.

The Expert Market is a contradiction to the SEC's Rule 15c2-11 because the previously suspended stock has not provided any verifiable evidence of operations or finances. Basically, note holders ask a Market Maker to begin selling their Convertible Debenture stock and the only way a Market Maker can accomplish those sales is to provide quotations to other Market Makers (the 'experts') but not any quotations to OTC Markets.

The Expert Market is extremely dangerous to investors. Once investors buy stock on the FALSE hope that the stock is being quoted and no longer on the Grey Market, when it isn't, and once the note holders have sold their stock the PPS usually returns to it's lowest value with poor to no volume.

To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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