Wednesday, September 30, 2009 11:22:17 AM
After the suspension, it goes directly to the greysheets. It won't have a quote (no bid, no ask) and trades are purely matched by price. Unfortunately you'll most likely lose your entire investment.
"Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule."
That means the company must file a new Form 211 with a market maker before being quoted again. Market makers rarely accept it after a suspension. Either way, it'll take months.
GLTY
"Insanity is doing the same thing over and over again and expecting different results"
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