no, that's not how suspensions work. the form 211 is voided with the suspension. that is why ALL suspended stocks resume trading on the grey market. in order to resume trading with quotes the company has to be able to find a market maker, willing to vouch for a suspended company, who will submit a new form 211 application to finra for approval. finra is not likely to approve such an application for a stock that was suspended. also, the finra approval process takes quite a bit of time. stocks that are suspended for delinquency are revoked much sooner than a 211 process would take. btw, 100% of companies suspended for delinquency are eventually revoked. that's why it very rarely happens. for those who really want to learn about the process they should study the following link. there you will find that out of the thousands of companies that have been suspended over the last 7+ years only three or for ever got off the grey market, and they weren't suspended for delinquency..
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