If trading doesn't resume by Monday, they must have a 15c2-11 filed to be quoted again once trading resumes. The effect of a NASD trading halt, such as this one, is pretty similar to an SEC trading suspension, at least once that 3rd day has passed and the stock hasn't traded. If it doesn't start trading by day 3 of the halt (Monday), when it resumes trading it will be trading as a grey sheet stock until a 15c2-11 is filed.
JJ
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Impact of Trading and Quotation Halt on SEC Rule 15c2-11, NASD 6640 and Form 211
It is important to note that for OTC Equity Securities, in certain instances, quoting will
not automatically resume when a trading halt ends. If trading is halted for four or
more business days, quoting cannot resume for OTC Equity Securities until brokerdealers
comply with the requirements of SEC Rule 15c2-11 and NASD Rule 6640.
I am not a broker and profess to know nothing about trading stocks. Do your own DD. Buy, don't buy...sell, or don't sell at your own risk.
