and will sec put out pr stating they are free to trade
no, that will not happen. that's not how they do it. if, and this is only if, and also highly unlikely, the sec decides the company is not at any fault, they will issue a "no further action" letter to the company. sorry for that long sentence. if they were to issue such a letter then the company could find an mm willing to sponsor a form 211. if finra deemed the form effective, then and only then would nbdr trade back on the pinks.
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