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SEC suspensions are for 10 trading days.

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Cassandra   Monday, 06/17/13 05:56:42 PM
Re: briwri01 post# 269
Post # of 317 
SEC suspensions are for 10 trading days. When the suspension ends, the stock can be traded on the grey market but market makers are prohibited from publishing quotes (bids and asks). Shares can only be sold if there is a matching buy order (or combination of orders) at the same price and size.

Most suspended stocks trade very little if at all following a suspension. A few wildly popular cult stocks may continue to trade, but on much lower volume and prices. There are true believers who will buy the stock thinking it will all work out. Eventually even virtually all of those cease trading altogether as well.

If you share the ticker symbol, people will be able to give you more information about your particular stock.

If you can't sell them, your broker might be willing to do a worthless securities transaction in which the brokerage buys all of your shares for a penny total.

Since there are so few posts on this forum, you might want to read all of them, starting from post 1: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79969088

You might also want to see if there is a discussion forum for your stock on iHub as there may be others discussing the situation. Just enter the ticker in the "Search iHub" box and hit the magnifying glass. As a non-premium member you can still locate a stock board that way.

If you do a Google search for "worthless securities." you will find a lot of information including how to treat the loss for income tax purposes.

Here's one article: http://www.bankrate.com/finance/money-guides/writing-off-a-worthless-stock.aspx

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