Wellstar International (WLSI)

[Saipter]

Very interesting article that explains trading suspensions in detail and the "grey market" for anyone curious: https://otcmarketresearch.com/the-sec-just-suspended-my-stock-now-what/


"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."

This is pretty much in line with what Atty Brenda Hamilton said.


Interestingly it also mentions Renee at the end of the article and her work tracking delinquent tickers. I really love this board.