Renee made an excellent and informative post regarding this issue, here’s an excerpt:
“There are two types of SEC Suspensions, one for SEC Registered Issuers/Filers that are delinquent in filing Financials. The SEC Suspension is always accompanied with an Administrative Proceeding outlining the Financials delinquencies. Those stocks will have their stock registrations revoked, NO EXCEPTIONS!! Stocks in this category will remain on the Grey Market until the SEC Admin Law Judge revokes the stock registration. Note: The SEC occasionally files Administrative Proceedings without suspending a stock when the stock has been illiquid for an extended time. To date NOT ONE of the 2,085 suspended SEC Registered stocks has avoided revocation of their stock registration(s)....NOT ONE!!!!!!!!”