When any stock goes without public quotation for more than four trading sessions, the company loses compliance with SEC Rule 15c2-11. That means it will trade on the Greys until and unless it can persuade a market maker to file a Form 211 with FINRA. Since any market maker willing to do that accepts liability for any inaccurate information contained in the 211—information that is largely supplied by the company—most are hesitant to step up to the plate for issuers that have been the subject of regulatory actions like trading suspensions or halts. Until the issues surrounding Calissio’s dividend are fully resolved, no 211 is likely to be filed, and if one is, FINRA will have many questions to ask.
So who filed the from 211? Was one filed? If not, how did this get off the greys?