Corporate Universe Inc (COUV)

[lesgetrich]

COUV will be on the OTC greys/expert market until it gets delisted by FINRA which can happen any minute now.

There are legitimate reasons to be cautious about investing in COUV but I'm getting very tired of debunking nonsensical claims.

Delisting

What Is Delisting?

Delisting is the removal of a listed security from a stock exchange. The delisting of a security can be voluntary or involuntary and usually results when a company ceases operations, declares bankruptcy, merges, does not meet listing requirements, or seeks to become private...

...Often, involuntary delistings are indicative of a company's poor financial health or poor corporate governance. Warnings issued by an exchange should be taken seriously. For example, in April 2016, five months after receiving a notice from the NYSE, the clothing retailer Aéropostale Inc. was delisted for noncompliance. In May 2016, the company filed for bankruptcy and began trading over-the-counter (OTC). In the United States, delisted securities may be traded over-the-counter except when they are delisted to become a private company or because of liquidation.

FINRA does not delist companies. The major stock exchanges do. Companies are not delisted from the OTC exchange. If they're traded on the OTC Market, technically they're not listed on a major exchange. The OTC equivalent of delisting is putting a company on the Grey Market. COUV is currently trading on the Grey Market until the OTC decides they've met their current reporting requirements to again trade as Pink or as OTCQB or OTCQX or until they voluntarily ask to be removed.