InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: halbroke1 post# 1941

Saturday, 05/26/2012 8:56:53 PM

Saturday, May 26, 2012 8:56:53 PM

Post# of 2095
QTEK will become a grey market stock by Thusday (5/31) after 4 trading days with no market maker quotations (quotation is prohibited by the suspension). The process to be quoted again is prohibitive for virtually all suspended former PK stocks, especially shells like QTEK.

The response required by the SEC's Administrative Proceeding is to determine whether the stock should be subject to a longer suspension or be revoked altogether. http://www.sec.gov/litigation/admin/2012/34-67051.pdf

The least severe outcome of the SEC suspension is for QTEK to remain a grey market market stock. The most severe is revocation.

Given that the corporation does not seem to have a valid address per OTC Markets, I suspect an eventual revocation.

Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company.

http://www.otcmarkets.com/stock/QTEK/company-info

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.