I beg to differ when you say, "No Market Maker in their right mind will file a 15c 211 for this company because the risk is too high"
1. You don't know that for a fact. Yes there is this opinion but I stand by my fact that the SEC did not name the company it named the Argentinians. So I believe BIZM could get its 15c211 approved if they are working with the right firm that knows how to do it quick.
2. Who is to say FINRA will have a deluge of comments? Did you talk to FINRA? The fact is the SEC and FINRA are linked in many ways and if the SEC did not name BIZM then FINRA might not have a deluge of comments at all.
marlonbrando Member Profile marlonbrando
Thursday, July 04, 2013 5:58:31 PM Re: MicroCapTraderPro post# 1104 Post # of 1130 First of all, the company does not file a 15c 211. A market maker files it.
No Market Maker in their right mind will file a 15c 211 for this company because the risk is too high.
Notwithstanding, FINRA will have a deluge of comments and the MM and FINRA will be trading documents late into next year. If there is a formal SEC investigation, FINRA will not uplist it until there is a resolution.
My posts are my opinions only. Always do your own research and do not buy or sell based on my opinions.
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