Please don't stone me, I know early this morning I said I would stop posting, but maybe I should have summarized the reality of all of this more clearly since some of you are completely off in left field on your hopes, or lies, about what will happen Wednesday when it reopens.
First, ACLH was not "halted", it was "suspended". Big difference, go find out.
Second: Suspensions are to protect the public, "potential buyers". You already own, you are not the public and not protected. Sorry, the SEC doesn't care what happens to your position.
Third: The 10 days suspension serves as a red flag to those thinking about getting in, it means everyone cool down, check it out carefully, or really be ware before you buy when we reopen (protect potential buyers, not holders).
Fourth: If the stock traded on AMEX or NASDAQ it will reopen on the same exchange. However, if it is OTB (pinks) then it will reopen and trade on greys until 211 is met. There has probably never been a stock reopen from a suspension back on the pinks. It takes a while to clear the hurdles (more on this below).
Fifth: The 10 day suspension is a cooling off period, it is completely unrelated to what the SEC will or will not being doing in relation to the investigation of the company, and they will not "clear" the company or otherwise say "we're satisfied with the company's info". So in ACLH's case, it doesn't matter if the PR's were true, if there was a contract or even if the SEC completely got it wrong. We will never know in relation to the resumption of trading.
Sixth: All hope isn't lost as I was trying to say this morning. In my view, since the suspension was related to the PR's, then clearing the 211 (mostly concerned with financial info) doesn't seem like it would be that difficult or time consuming. But, it will still open on the greys and I imagine it will still take several weeks or months, in the most perfect scenario, to regain pin status.
But even if still on the greys, something like a contract with BP, if big enough, could still rocket the pps in the huge dollar range. Now unlikely, but I liken it to a bio on the greys that gets FDA approval of a cancer treatment drug. Remember, CTIC, at .0008 (on pinks though0 shot to over 2.00 on FDA approval. And this was in the fallout of the Italian market halt and the basically br company giving its officers year end million dollar bonuses putting it in the red.
So, I think, if ACLH gets good enough news we could still trade at a considerable penny or even dollar range. Now this is if we have very huge big "ifs" happen. I'm not saying it is reasonable expected under existing circumstances.
AI
