Followers | 111 |
Posts | 11523 |
Boards Moderated | 0 |
Alias Born | 06/21/2006 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, September 21, 2021 12:34:13 PM
https://investorshub.advfn.com/boards/replies.aspx?msg=165868474
janice shell Member Level Saturday, 09/11/21 12:52:58 AM
Re: Pennywi$e post# 190909 0
Post # of 191232
No. It isn't as if they could just post an annual report at OTC Markets, and the next day they'd be trading "normally" again.
They'd still have to regain compliance with Rule 15c2-11, and that would mean getting a Form 211 approved by FINRA. Like so many things, it's unclear how that will happen now. OTC Markets will be able to offer assurances that a company has posted "current information" at the OTCM site, but FINRA will still have to clear a Form 211.
OTCM wanted to be allowed to deal with all of that on its own, merely informing FINRA that everything was in order, but FINRA balked at that proposal.
So if a company whose stock is knocked to the Greys wants to make a comeback, it will have to deal with FINRA, and may find itself supplying additional information for some time.
That, at least, is how things seem to stand now. FINRA proposed a rule change of its own to the SEC in June; that explains more:
https://www.sec.gov/rules/sro/finra/2021/34-92139.pdf
Recent MIKP News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 11/28/2023 10:00:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/22/2023 06:06:28 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 07:00:35 PM
- Form PREM14C - Preliminary information statements relating to merger or acquisition • Edgar (US Regulatory) • 11/02/2023 04:01:43 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 10/04/2023 04:01:33 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 08/23/2023 08:54:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/22/2023 06:10:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 01:07:41 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM