Replies to post #77803 on Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

Depends on whether Benny fixes the filing problems.

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

Will trading automatically resume after
ten days?

It depends on the market where the stock trades.
Different rules apply in different markets.

For stocks that quote in the OTC market (which
includes stocks quoted on the Bulletin Board and
OTC Link (f/k/a Pink Sheets)), quoting does not
automatically resume when a ten-day suspension
ends. Before OTC stock quoting can resume after a
suspension period, SEC regulations require a broker-
dealer to review specific information about the
company in accordance with Exchange Act Rule
15c2-11 and FINRA Rule 6432. If a broker-dealer
does not have confidence that a company’s financial
statements are reasonably current and accurate in all
material respects, especially in light of the questions
that may have been raised by the SEC suspension
action, then a broker-dealer may not publish a quote
for the company’s stock. The OTC markets function
through dealer systems where only broker-dealers may
quote and facilitate trading in OTC stocks.

In contrast to stocks that trade in the OTC market,
stocks that trade on an exchange resume trading as
soon as an SEC suspension ends.

[rickn23]

It's the 31st, I still don't see REDG trading. Benny (?) did do a Facebook post on the suspension.

https://www.facebook.com/RedGiantEntertainment/posts/1149155508556060
May 25 at 12:37pm ·

As many are aware we have been given a notice of suspension from the SEC of our stock symbol due to delinquent filing status. We know that this is unfortunate, but we want to assure everyone that we are working with our auditor, CPA and legal team to rectify this situation promptly. It is unfortunate as we were already working and on a path to bringing our status current. This is not the end, nor are we giving up. We will keep everyone updated as we progress through this period.