Replies to post #54476 on Lans Holdings Inc (fka LAHO)

[lucky, mydog]

In the suspension it mentions LAHO qualified for that.

no, it doesn't. that line is directed to market makers. a market maker files a form 15c2-11 on behalf of a company. once that form is accepted by finra, the submitting market maker gets a 30 day exclusive for making a market for that stock. after the 30 days the other mm's can "piggyback" that 211 submission and also makes a market. so, what the suspension did was prohibit the original market maker and all mm's who subsequently piggybacked from making a market.