And his lawyers are ignorant as well? I don't think he's referring to grey market trading when he says it is the consensus of consuls that trading will resume shortly, and according to this excerpt there is an option you failed to mention, which is suspension for up to twelve months, not that anyone would want that. I'll bet(not that I currently can) on Rik and his consuls word before that of an anonymous poster.
B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents."
Here are a few excerpts from my post last night showing there are grey( pun intended) areas.
"Furthermore, when an SEC trading suspension ends, a broker-dealer GENERALLY may not solicit investors
to buy or sell the previously-suspended over-the- counter (“OTC”) stock until certain requirements are met."
"However, limited or “unsolicited” trading can occur in an OTC stock that has been subject to a trading suspension after the suspension ends but before a Form 211 is approved."
Time will tell.
AI
