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Friday, April 24, 2020 10:16:23 AM
The reason I say “where” is because it is not so much a place as a name applied to all stocks that can’t publish solicited quotes by market makers.
Most stocks that get sent there via suspension ultimately become illiquid.
Going there is inevitable. There is a way to come back to quoted trading that requires a market maker to submit a Form 211 to FINRA....but being successful is very rare.
And even if a stock manages to do that it takes well over a year in most cases...usually 2-3 years.
"Harsh reality is always better than false hope"
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