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Re: LuckyLovie post# 51966

Wednesday, 10/20/2021 8:25:37 PM

Wednesday, October 20, 2021 8:25:37 PM

Post# of 52074
“The market makers send in an ""OTC 211 to Finra"" showing theres an interest to create a market for trades-buys and sells...I did call Td Ameritrade and they never heard of such a rule ???,on phone for 1.5 hours today explaining what Finra said... “

There is no such thing as an “OTC 211”. What is probably being referred to is “Form 211” that a market maker submits under Rule 15c2-11 to FINRA to allow approval for an EXISTING ticker to be quoted…which requires a lot of things.

I am not aware of it ever being used to bring a ticker back to life that was deleted by FINRA because of a Cusip suspension.

The only way the company comes back is by Filing a Form 10 with the SEC to register the stock…and that isn’t going to happen for a variety of reasons.

I realize hope springs eternal in the OTC…but this isn’t realistic. Sounds like a lot of “rules” are being misconstrued or misrepresented to support that hope.

"Harsh reality is always better than false hope"

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