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Ok there are various ways of trading, but

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grab   Wednesday, 05/05/21 01:33:44 PM
Re: CoalMinersGlove post# 193
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Ok [color=red][/color]there are various ways of trading, but in this case it seems to be a std process.
1. company applies to SEC to become a public Co under the SOX rules, which are pretty hard to do and costs $$.
2. if accepted then becomes a public company with the minimum of shareholders to satisfy whichever board it can trade on.
3. Then before it can trade it has to apply to FINRA and fulfill certain requirements, this can sometimes take a little time (the bureaucracy). Once FINRA accepts the application and allocates the board it can trade, then it is ready.
4. Then the company (market makers) open or if you like, enter a DTC. This is an electronic transfer set up (depository Trust Company), which allows shares to be traded from one company to another etc. (trading).

Once FINRA has given the go ahead the rest is almost a necessary formality. So things are now up to what and when the company goes ahead.

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