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Most of those 379 shells that were suspended

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Renee Member Level  Wednesday, 05/22/13 08:34:35 AM
Re: 12thman post# 2138
Post # of 2152 
Most of those 379 shells that were suspended are not SEC Filers and as such they do not have any registered stock. So there is no stock registration to revoke. Most of those 379 shells will just languish on the Grey Sheets forever until / unless FINRA deletes their trading symbol.

For the hundreds of OTC stocks that do not report to the SEC but get Suspended by the SEC for allegations of securities violations those stocks will remain on the Grey Sheets until the SEC files charges against those companies. The SEC Admin Law Judge cannot revoke those stocks, again because those companies have no registered stock to revoke, but FINRA can delete the symbol from trading.

SEC Filers have registered stock. Non SEC Filers that only report Financials to OTC Markets do not have registered stock. The SEC Admin Law Judge can only revoke registered stock. See the difference?

PSPF is an SEC Filer where the company's registered stock can and will be revoked unless they immediately file all delinquent Financials. The company would then be a private company.

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