Replies to post #92300 on GrowLife Inc (PHOT)

[lucky, mydog]

Just because they file the "211" is NOT a guarantee that they
will obtain a MM, Correct?

no. a sponsoring mm actually is the one that submits the 211, not the company. it would then require finra approval.

Why would they have NOT already filed the "211"?

because they haven't been able to find a sponsoring market maker willing to stake their livelihood on a stock that was suspended by the sec and likely is still being investigated.

[The Whale]

My understanding is they file it after reaching an agreement with the market maker. Then the DTCC and/or SEC approves it.

[Kristi]

From everything I've read so far, their is no set time after the 211 is filed, however the standard time is anywhere between 3-6 months.

You could also give them a call and ask if a 211 has been filed on behalf of the company.. along with any other questions you might have. Unless you're the firm filing, they won't give you the details but I'm sure they will answer your general questions.

FINRA OTC Compliance Unit..........240-386-5100
Filing a Form 211
Check the status of a Form 211
Mail 211 Applications to:
Financial Industry Regulatory Authority
OTC Compliance Unit
9509 Key West Avenue
Rockville, MD 20850

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.