I had thought about filing a complaint with the New Jersey Bar Association against Hofmeister for his incompetence with Corporate/public company Bankruptcy.
That might be the only way to get his attention.
I need to find out what he needs to file with FINRA and provide some guidance for Hofmeister because it is obvious he doesn't understand the process.
"The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies." This comes from this link: https://www.sec.gov/fast-answers/answersdfnctcohtm.html.
The bottom line right from the SEC is that a company can still allow its stock symbol to be active and so allow buying or selling of its shares. If investors want to buy some, "have at it."
There is nothing more to wonder or discuss. The SEC's response is final (above). So watch that ask size continue to shrink and one day soon it may have a bid and the stock could soar.
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