InvestorsHub Logo

Stock_Gambit

11/06/15 4:14 PM

#154673 RE: jdstinger #154670

I was told that FINRA had 10 days to respond with a confirmation that they received the request. Obviously questions will delay the process.

TenKay

11/06/15 4:20 PM

#154675 RE: jdstinger #154670

It is in this post

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118301725

The reason FINRA asks for it no "later" that 10 days before the effective date is because they normally/usually turn it around inside that time period.

However there is no commitment to that timeframe...it is just the "usual". Yes penny tickers can and do take longer sometimes...but that not the norm either.

All that likely means here is FINRA is asking some questions. And we know of one hole in the process and that is the lack of a state name change.