Good info regarding suspension I saw on another suspended stock. Don't for 1 minute think your good in 2 weeks, this is likely never to trade again on OTC or higher. EVER.
NOTES ON OTC SUSPENSIONS:
If an average of 25 I-Hubbers owned stock in each of the 3,542 Suspensions approximately 88,550 I-Hubbers lost most or all of their investment over the past 9 3/4 years. If the estimated 88,550 I-Hubbers lost an average of $1,000 to $2,000 to $5,000 for each Suspension that would be a collective loss of between $88,550,000 to $177,100,000 to $442,750,000 and likely much more over the last 9 3/4 years. STOP being a casualty with untenable losses in SEC Suspensions by learning what types of stocks are at risk of an SEC Suspension.
Research EDGAR to know if an OTC stock is registered with the SEC. *** Input the company name only and do not include Inc., Corp., Ltd, or any other suffix. If an SEC Registrant stock is delinquent in filing Financials for one year or more DO NOT BUY THAT STOCK under any circumstances. If/once the SEC suspends an SEC registered stock for Financials delinquencies it is TOO LATE to remedy the Financials delinquencies!!!
READ I-Hub stock message boards of stocks that were suspended and are still on the Grey Market, or had their stock registration(s) revoked, or had their ticker deleted by FINRA. Compare the extreme hype and false hope before an SEC Suspension to the delusions from false information after the SEC Suspension to the horrors of reality when their OTC stock ended up as a complete loss. A few hours of effective research will prevent financial losses and ruin.
NOTE: Of the 3,542 Suspended stocks EDVP (now PRLX), SDRG (from Sept. 17,2012 SEC Suspension), and PHOT got off of the Grey Market, a very rare occurrence for stocks not registered with the SEC at the time of reinstatememt to the OTC. It is perilous to think that other Grey Market stocks will get off of the Grey Market, or for SEC Registrant Filers to avoid revocation.
NOTE: After SDRG satisfied the SEC's questions and FINRA reinstated the stock to the OTC SDRG thereafter registered with the SEC but became delinquent in their Financials and the stock was suspended for the second time. The SDRG stock registration(s) was revoked on June 19,2019.
NOTE: DHCC reregistered with the SEC on Oct. 14,2015 after the stock registration had been revoked on Sept. 14,2014. *** This board has post numbers 1162 for revocation and 1494 for the FORM 10 re-registration.
NOTE: FTNW reregistered with the SEC on Feb 7,2017 after the stock registration had been revoked on Sept.12,2014. The Suspensions board has post numbers 1171 for revocation and 1879 for the FORM 10 re-registration.
Note: CANN reregistered with the SEC on Dec. 23,2016. Post number 2035 on the Suspensions board.
Note: GSTN was reinstated to the OTC by FINRA on Oct. 25,2018. Original SEC Suspension for questions about adequacy and accuracy of information on May 14,2012. No paperwork to know what GSTN did to be reinstated to the OTC.**Still no quotations as of Sept. 27,2019.
Note: VMCI, now ICCT reregistered with the SEC. Registration had been revoked on Feb. 14,2018. Stock began trading in June, 2019.
Note: JSHG was revoked on June 22,2017. JSHG reregistered with the SEC on June 17,2019, two years after the stock revocation. JSHG began trading very small volumes on Aug. 16,2019.
Note: CODS (not registered with the SEC) was suspended on March 2,2015 and was reinstated to the OTC (off the Grey Market) on Aug. 22,2019. There have been zero trades since reinstatement to the OTC.
Note: CIRC (now CIRX) was revoked on March 28, 2017 and reregistered with the SEC on July 25,2019 and was reinstated to the quoted OTC on Sept. 12,2019. Immediately thereafter the company did a one for 1,000 reverse split, wiping out shareholders that had endured the 2 1/2 years it took for CIRX to reregister with the SEC.
NOTE: Foreign Issuers may also be on the Grey Market until they obtain Regulatory approvals to be listed on any U.S. Exchange or the OTC. Foreign Issuers on the Grey Market are NOT to be confused with or compared to OTC stocks that are specifically on the Grey Market due to an SEC Suspension.
Note: After a ticker symbol has been deleted FINRA may assign the deleted ticker symbol to another company after a sufficient time lapse whereby the newly assigned ticker to another company would not be confused with the former company and ticker.
AI
