China Trading Stocks

[RealDutch]

http://www.empirestock.com/otc.html
Delisting from NASDAQ

If a security has been delisted from the NASDAQ Stock Market because the Issuer has not maintained NASDAQ's listing requirements and the security meets the following criteria, then the security will be available for immediate quotation on the OTC system only for those market makers quoting in the security during the 30-day period preceding its removal:

- The security has been quoted continuously on NASDAQ during the 30 calendar days preceding its delisting, exclusive of any trading halt not exceeding one day to permit the dissemination of material news concerning the security's issuer.
- The issuer must not be the subject of bankruptcy proceedings.
- The issuer must be current in its filings with the SEC.

Upon delisting of a security meeting the above criteria, market makers that have quoted the security in NASDAQ during the 30-day period preceding its removal may contact OTC Markets to enter a quote any time prior to market close on the day of delisting, without submitting a Form 211. Generally, the security will become "piggyback qualified" in the OTC system 30 days after delisting, at which time other market makers may enter a quote in the OTC system without submitting a Form 211 to FINRA. A delisted NASDAQ issuer that wishes to be quoted in the OTC system should contact their market makers to request that they register to quote the security in the OTC system.
If the issuer does not meet all of the above criteria upon delisting, if it voluntarily delists from NASDAQ, or if no market maker entered a quote in the OTC system on the day of delisting, then the usual Form 211 filing and review process will apply. However, many NASDAQ-listed securities are already quoted on the OTC system on an unpriced basis.