Replies to post #38591 on BIH Corporation (fka BIHC)

[Jim Bishop]

It's Grey Market. That's how it works after a suspension....ALWAYS!

If it was on the Pinks you would see Level 2 quotes. You don't, and won't until an MM files Form 211 and has it approved, which is very doubtful. Most MM's are now insisting on audited financials before they will file.

Read the SEC order.

http://www.sec.gov/litigation/suspensions/2009/34-59365.pdf

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 5515777.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to BIH’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.

[lucky, mydog]

omfg. if your broker is telling you this is not a grey sheet, you seriously need another broker.

[janice shell]

From everything I can find, this is not trading on the greys, but back on the pinks. This includes verification from one of the brokers as a final step.

Never listen to brokers. 99% of them don't know anything about this stuff.

Now, why did you say it must trade on the greys after the suspension was lifted?

It is trading on the Greys. That's why there's no bid or ask.

[TEX]

What you found is wrong, then.

Look:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=bihc#getQuote

Put it this way, if it were on Pinks, there would be a bid/ask. Well, maybe not with unsolicited Pinks. At any rate, a Form 211 would've been filed...There simply hasn't been enough time to have that form approved.

As far as I know, nothing legally stops the company from going ahead with filing its cash divvy with NASDAQ. Of course, doing so now makes even less business sense than it did before.