For whatever it is worth I spoke with someone who has assisted companies dealing with the "chill" DTC imposes at times. While DTC hasnt normally been as forthcoming in explaining or taking chills off, this person said it was unlikely the chill imposed on this stock had the slightest thing to do with a permit.Off the top of their head with not knowing which company I asked about, they said probably past share issuances and/or stock price combined to create discomfort at the DTC. The person did say though DTC is becoming more responsive to companies dealing with this issue than in the past. I asked a market maker same question and they gave similar response. Overly promotional type companies he said could attract attention as well. A stock touting itself as having $200 million + value trading at $.015 would certainly qualify in that market makers opinion as something either DTC or FNRA would take a second look at.Even if chill taken off, just try to find a broker who would take a physical stock certificate for a stock under $.05 these days- many wont.One broker I know charges $500 even to consider receiving in a stock certificate on a company like this.
This doesnt mean problem isnt solvable, just that it may take some time- and even if solved, many brokers wouldnt accept stock in certificate or even book entry form from a private placement at this price.
