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BigJuan

03/16/16 8:28 PM

#40179 RE: PennyStockPickz #40178

"What happens when the ten-day suspension period ends?
The SEC will not comment publicly on the status of a company when the ten-day suspension period ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Furthermore, when an SEC trading suspension ends, a broker-dealer may not solicit investors to buy or sell the previously-suspended stock until certain requirements are met. Before soliciting trades or resuming quotations in a stock that has been subject to a trading suspension, a broker-dealer must file a Form 211 with the Financial Industry Regulatory Authority (“FINRA”) representing that it has satisfied all applicable requirements, including those of Rule 15c2-11.
Among other things, Rule 15c2-11 requires broker-dealers to review and maintain certain documents and information about the company, including:
the corporation’s organization, operations, and certain control affiliates;
the title and class of the securities outstanding and being traded; and
the issuer’s most recent balance sheet and its profit and loss and retained earnings statement."

BigJuan

03/16/16 8:30 PM

#40180 RE: PennyStockPickz #40178

This is the part that tells me maybe we see something.....otherwise how could there be any trading at all???

"...the issuer’s most recent balance sheet and its profit and loss and retained earnings statement."