Ultimate Franchise Systems, Inc. (ULFS): Post Unavailable Additional Informati...

StopShellPirates · 2010-04-27T20:31:41.4600000Z

The companies with trading suspensions will not have an easy battle to be on pink sheets. The SEC trading suspension is only for ten days but Rule 15c-211 requires a company who hasn't been quoted four days to refile a 211. I doubt a market maker will sponsor these suspended shells. If they do the shells will go through a full review as will their reverse mergers. Their 211 will not be easily approved. For some reason, it seems that Mina Mar shells are being suspended so something isn't right.