I called both, the OTC and Finra >
They confirmed why the ASYTQ symbol was deleted.
OTC said Finra deleted it.
Finra said that they recieved a request to delete it.
Finra said that the stock, (having been cancelled March 10th, 2010), was allowed to be traded after its cancellation. Market Makers maintained the buys and sells for that length of time.
It's unclear why, all of a sudden, MM's are not involved with it any more, but Finra suggested that the stock was allowed to trade, and that it was just a matter of time, before it would be deleted. This happens all the time with cancelled stocks. You just never know when the deletion will happen.
For now, the stock is considered worthless.
IMPORTANT:
> Finra also said that the only way the symbol could once again
(for whatever reason), get back to an Active status, is if a
Form 211 is filed, by either the company, or some other entity, to re-instate it.
Obviously, shareholders are not able to trade the stock.
Shareholders can take the loss, for tax purposes.
My curiousity at this point in time, is that if a "Liquidation Dividend", as I have discussed in a previous post, is enacted, it would seem that a shareholder would have to still "have/own" their shares, meaning that if they were to take a tax loss, they would not be entitled to also recieve any distribution of any given "Liquidation Dividend" should it be given to shareholders.
Hope this helps.
