Nice to see bvtk done and gone. Best advice set a limit order very shortly after open when you see the pps. hope your stock sells because it might not...
Thinking of holding? Don't... Thinking you won't take a substantial loss? Don't...
You're in investment recovery mode so take what you can get whatever small amount the market will give for your worthless stock.
The grey market is where stocks trade without solicited quotation and where market makers are forbidden to “make a market” in a stock. So it is essentially matched trades based on customer orders only.
The grey market is essentially illiquid for the most part. Ironically it is also the birthplace of stocks since it is where a new stock first shows up as it awaits its Form 211 approval.
But those stocks should not be confused with stocks that get their via suspension. It is a graveyard for the latter.
Interest and activity will wane over time...only a question of how long until it is completely iliquid.
Eventually after a few years of inactivity FINRA deletes the ticker.
There is a way back to quoted trading for formerly suspended stocks there, but only about 1 in 400 make it back...and even then it can take years.
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