First of all you need to pay for this service to PM. Your answers and my knowledge of the market clearly tells me you are misinformed on how custodial companies are handled. I will give you a quick EXACT scenario.
Old affiliates (HAMMOND) ABANDON ticker while current and do not file required SEC forms.
Person/LAWYER (TRACY)receives custody(after many forms) then finds a buyer for his many (30) custodian companies.
Person/lawyer (TRACY) and new buyer (MCWILLIAMS) agree a deal and sign the company to a another company (BARTON) who will set this deal up for both parties.
BARTON makes decision and sells to a the new buyer (MCWILLIAMS).
A form 15 Is filed to assure the new company is not suspended during the process in which they can upgrade or become future filing later with their new name and etc. All this happens with the assistance of the STATE -SEC (not needed anymore remember form 15) AND FINRA. A Company MUST go through comments with FINRA about its history to become current.
This my friend is all FACT!!!!!!! I am here often and ready to provide you more facts should need any.
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