News Focus
News Focus
icon url

TenKay

09/09/19 9:57 AM

#8364 RE: Widowsson32 #8361

There are two separate actions:

1) 10 day trading suspension:

https://www.sec.gov/litigation/suspensions/2019/34-86881-o.pdf

2) Order Instituting Proceedings (OIP) for revoking the stock’s registration.

https://www.sec.gov/litigation/admin/2019/34-86880.pdf

So, after 10 days the stock will reopen for trading on the grey market (no bid/ask). And somewhere in the next 2-3 months the ticker will be revoked and it will disappear.

No OTC stock that has been suspended for delinquency has avoided revocation.

FACTS indeed.