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Re: BBseller post# 83182

Friday, 08/30/2013 10:54:55 AM

Friday, August 30, 2013 10:54:55 AM

Post# of 111870
actually it is only finras job to review the 211. if mikp and mm deliver necessary paperwork there is no reason mikp will not return to pinks. A market maker reviews all paperwork before submitting, the fact a 211 is being worked on is a very pisitive sign. Another gray was just reinstated to pink after completing a 211, others didnt think they would get reinstated by finra but that showed me that was not the case. The reason most greys dont go back to trading is because most companies who have done wrong wont even aytempt it. So you have to be confident to proceed with a 211. So i would suspect the mm reviewed yhe suspension and looked at facts before proceeding. Like an attorney would review a case before giving advice on how to proceed. Imo shareholders should be optimistic
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