Predictive Technology Group Inc (PRED)

[PRED2020]

Extremely bad news for PRED shareholders.


The stock may rise a little in the week or so following its debut on the Greys, but as it does so, volume will decline, making fills more difficult. It’s best not to wait too long, and lose your chance at recovering some of your investment. After weeks, or perhaps a few months, the price will plateau for awhile, as volume continues to drop. In the end, liquidity will dry up entirely, and the issue will trade only now and then causing the price to drift down slowly.

Can a Suspended Stock ever get off the Grey Market?

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. Usually the agency is unwilling to offer such guarantees, and so the stock is left in limbo.