There is no cause for FINRA to halt or for the SEC to suspend PSGLQ. When a company on a National Exchange declares bankruptcy the Exchange can halt the stock until the delisting from the Exchange has occurred. Since PSG has already been moved to the OTC as PSGLQ there are no further reasons to interrupt trading. A new material event would need to occur.
It is imperative for all shareholders to watch for a Reorganization PLAN that will address the anticipated outcomes for all series of stock. If the PLAN stipulates the shares will be cancelled all shareholders and potential shareholders should believe the PLAN will become factually effective when the BK Judge affirms the PLAN.
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