Replies to post #48 on Brokers that allow Caveat Emptor OTC stocks

[iwant1mil]

Do this mean a company cannot become current until 2 years after being restricted?

The Rule will become effective 60 days following publication of the amendments in the Federal Register. The Rule will have a general compliance date that is nine months after the effective date as well as a compliance date that is two years after the effective date regarding provisions to require an issuer’s financial information for the last two fiscal years to be current and publicly available.