Home > Boards > US OTC > Delisted > Quintek Technologies (fka QTEK)

The grey market/caveat emptor status is not temporary.

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Cassandra   Monday, 06/11/12 04:17:20 PM
Re: robanutz post# 1989
Post # of 2058 
The grey market/caveat emptor status is not temporary. The corporation would need to go through an extensive process to qualify under Rule 15c2-11, get a market maker to vouch for it by filing a Form 211 with FINRA and FINRA would need to approve the 211 for QTEK to ever be quoted on OTC Link (Pink Sheets) ever again.

For a company that's out of business, that is never going to happen. It almost never happens for companies that were still in business when suspended.

No quotation is allowed (i.e. no bid or ask prices may be displayed) however the price and volume of any trades that occur are reported. Such prices do not usually represent "market value" for the stock (i.e. the price at which you could sell).

It is also much easier to buy a GM CE stock than to sell as there are usually many more people looking to exit with whatever they can get than to buy a stock they may never be able to sell.

As mentioned, QTEK is also facing an Adminstrative Hearing as to whether the stock should be revoked. Anyone buying the stock is likely flusing money down the toilet.

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