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Re: Bona Vista post# 7

Friday, 07/06/2012 8:35:01 AM

Friday, July 06, 2012 8:35:01 AM

Post# of 37
SEC Suspensions for all stocks are for ten trading days. The SEC then directs that NO Market Maker can make a market for a suspended stock after the Suspension ends, which places a stock on the Grey Sheets after the ten day Suspension ends.

Stock holders and stock buyers can still buy and sell but there are NO quotes, ie., no bids and no asks and no display of how many shares are being put up for buys or sells. Grey Sheets is technically a blind market for previously suspended stocks.

IRIDQ has traded 37,000 shares since the end of the SEC Suspension which is a pittance compared to the trading volumes prior to the Suspension.

FWIW, unless IRIDQ files all delinquent Financials and updates their corporate information the stock's registration WILL be revoked in the near future.

To bite the worm of incite is to bite the HOOK of the antagonist . They win .