Nevada Gold Corp. (fka NVGC)

[pitts77h]

Maybe one company in recorded history has successfully returned to life after being on the Grey sheets.

This was suspended and sent to the Greys for a reason, it's not something the SEC does lightly or without extreme cause.

You should research Form 211 (SEC Rule 15c2-11). Start here:

http://www.otcbb.com/faqs/otcbb_faq.stm#211

The short version of the story is, they're going to have to provide audited financials before any market maker will touch them. We all know THAT ain't gonna happen.

What is a Form 211?

Form 211 is the form which must be completed pursuant to FINRA Rule 6432 and submitted to the FINRA OTC Compliance Unit to initiate or resume quotations in the OTCBB, OTC Markets, or any other quotation medium pursuant to SEC Rule 15c2-11. To view or print the Form 211, please visit our Forms Page. A 211 Addendum Form must be submitted in addition to the Form 211 for the OTCBB.

After a Form 211 is filed, how long until the security can begin quotation on the OTCBB?

There is no standard time to process a 211 and clear the market maker to begin quoting a security on the OTCBB. The time it takes to review a 211 may vary significantly depending on many factors including whether or not FINRA has to request additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.

How do I check the status of a Form 211 filing?

Contact the FINRA OTC Compliance Unit. Please note that the Form 211 review process is proprietary and, thus, FINRA will only discuss details of the filing or review directly with the firm that submitted the Form 211.

Do financials submitted with the Form 211 have to be audited?

The periodic reporting requirements relied upon by FINRA Rule 6530 require annual audits of an issuer's financial statements for quoting on OTCBB. However, current FINRA rules do not require audited financial statements for quoting on other quotation mediums, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.

Do I have to file a Form 211 for a security delisted from an exchange?

An exchange delisted issuer that wishes to be quoted on the OTCBB should contact their market makers to request that they complete a Form 211 for review and processing.