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TenKay

05/15/18 9:57 AM

#15477 RE: rolo731 #15473

The company will be moved to the grey market by the end of the week due to lack of compliance with Rule 15c2-11 which is a byproduct of the suspension.

It will open on the grey market on May 31. If it trades, it will likely be at a significantly reduced pps because there will be no quotations (no bid/ask), only matched trades. Liquidity will start to dry up from whatever form it takes if it trades when the suspension is lifted.

In the meantime the SEC has begun proceedings to revoke the stock's registration, which means that within the next 2-3 months the company will lose its ticker and it will no longer be a public company.

There will be no public market for the stock.