Replies to post #33533 on New Colombia Resources Inc fka NEWC

[sidedraft]

It would appear that investopedia is not the place to find out about an SEC suspension.
The suspension is for 10 days, period, no exceptions.

The following is wrong information:
The exact amount of time for the suspension will be determined on on a case-by-case basis.

[lucky, mydog]

They are ready to revoke the next day from the deadline.

that all depends. the company now has only three choices.

1) they can accept the sec's order of revocation. in that case revocation could take effect immediately after the suspension. however, there could be a lag time between grey market and revocation. that is the recommended course if the company plans to go public again via an s-1 or form 10 registration.

2) fight revocation and in that case this will trade on the greys until the company exhausts it's options. that could be many weeks before revocation.

3) do nothing and then revocation will come quicker than if they appeal.

in any case, it's the grey market (unless revocation comes immediately) and then revocation.

[lucky, mydog]

The exact amount of time for the suspension will be determined on on a case-by-case basis.

and in this case the sec has already determined that.

commencing at 9:30 a.m. EDT on
September 12, 2017 and terminating at 11:59 p.m. EDT on September 25, 2017:

https://www.sec.gov/litigation/suspensions/2017/34-81576.pdf

[janice shell]

DEFINITION of 'Suspended Trading'
A stoppage in the trading of a security for an extended period of time that normally occurs when there is a lack of material financial information on the security. Once the security is suspended, shares of that security cannot be traded on the market until the suspension is lifted or lapses. The exact amount of time for the suspension will be determined on on a case-by-case basis.

That's a very poor definition. Investopedia should fix it. Or, perhaps, indicate that they're talking about exchange suspensions, which are very rare. When the SEC suspends, it is always for 10 trading days, and the date and time the suspension will expire is always indicated in the suspension notice and order.

I suggest you read:

https://www.sec.gov/investor/alerts/tradingsuspensions.pdf