Is it really officially accepted? Of course we can't go by the otcm, but they have soli grey and alternative reporting. It is on the greys for all intents and purposes. But is it really effective just because it's on the sec site?
Everything about soli is speculative and massively pushed by a small group of people.
When any OTCM stock is suspended by the SEC no Market Maker on the planet would risk their licence just to sponsor one of those stocks unless they were 100% certain the SEC wouldn't rap their knuckles.
SOLI was suspended in 2014 so the stock should have been dead and gone by now.....ah, but in 2018, 4 years after the SEC Suspension someone brings the SOLI corpse back to life by registering with the SEC.
So, why would anyone want to bring a dead ticker back to life when there are 100's of liquid or illiquid tickers with a semblance of company activity up for grabs. Without digging it is likely that the SOLI principals have substantial stock that they couldn't sell after the SEC Suspension, including Greg Mulholland who was sanctioned by the SEC as a bad actor. On the faint hope SOLI suckers a Market Maker to submit a 211 to FINRA as is claimed by SOLI board posters it is likely that FINRA would consult the SEC in light of SOLI's registration with the SEC before allowing SOLI stock to be quoted again.
A few I-Hubbers have claimed to be funders of a private placement with Solei Systems and are vigorously promoting the stock so FINRA should be keenly interested in that activity as well. FINRA and perhaps the SEC should also be interested in how a stock suspended in 2014 can run from near zero to $1.20 on rather significant volumes since the 2018 Form 10 Registration of Solei Systems. How does a previously suspended Grey Market stock do that without a pile of enablers?
Gonna watch the outcomes for SOLI as my curiosity is piqued.
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