Polaris International Holdings (PIHN)

[microcaps1]

Either they are crossing t's and dotting i's or trying to determine how long it might before before closing so they can update, or its fallen through -in which case they would be as frustrated as many(much bigger things in life to be frustrated over)shareholders and trying to collect their thoughts.

When the acquisition isnt taking all their extra time they will update re staff IS
and get last qtr report out.

Stock isnt restricted btw -only dtc ineligible-many brokers use that as an excuse to restrict buying at their brokerage(since they hate penny stocks anyway) and erroneously say things like chilled (as pihn did in last update)even while financial reps at same brokerages at same time say the stock is not restricted.

A restricted stock is such because of regulatory action.

dtc is a quasi shadow entity-a super clearinghouse- u can read other stocks PR's re hiring lawyers to find out why their stock was dtc ineligible and dtc wont even tell their lawyers-because often not a legitimate reason other than a determination to eliminate penny stocks.
Only legitimate reason I've heard is chance of counterfeit stock when companies issue shares without an S-1 registration statement etc.

Pinks without current financials or below 1c pps are presently targeted by dtc-as i said before I've seen lists of thousands of stocks put on dtc ineligible list since this political game began March 2011-a whole cottage industry has arisen to help companies get dtc eligibility back for a fee of 25k or so. Companies might be better off just raising pps above 1c (and having fundamentals to keep it up there) and becoming current w financials and thus applying themselves-otcbb is a bonus and is still untargeted.