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Tuesday, July 13, 2021 5:43:30 AM
Essentially, the law says that the stock of delinquent companies cannot be purchased until the company is current. And, if it can't be purchased, exactly how do you think you can sell it? You can't, because no one can buy it. It won't even be on the pink market any more.
Here is everything you need to know about the new rule changes:
SEC Rule Changes
As can be seen, these are the key dates:
June 30, 2021 – Deadline for issuers to provide required disclosures. HPIL met that deadline.
September 28, 2021 – Rules compliance date. Disclosure failure will result in removal from Pink Market. (And that means you can't trade it.)
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