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Post# of 221942
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Sharktnk

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Sharktnk

Re: Renee post# 28656

Monday, 07/23/2012 11:22:47 AM

Monday, July 23, 2012 11:22:47 AM

Post# of 221942
Hi Renee,

Can you flesh this out for the uninitiated?

An older article gives some info:

http://seekingalpha.com/instablog/478544-redchip/142980-otcbb-delistings-and-rule-15c2-11-what-happened

UPDATE (2/28/11): From OTCBB.com – FINRATM is updating the comment on the OTCBB Daily List used to indicate an issue is no longer eligible for quotation on the OTCBB due to a lack of quotation activity. The new comment will be “Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11”. This replaces the previous comment “Failure to comply with Rule 15c2-11”.



But I'm more curious what may be the rationale behind this is.

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