a trading halt is not the same as a suspension LMAOOOOOOOOOOO. Ok, you are correct in the sense that a company can halt their trades pending news.
stocks are also frequently traded on the grey sheets after the ten day suspension. this one could if the brokers weren't unwilling.
Not stocks under a lock due to counterfeit shares.
as for resuming the entering of quotes? that only applies to OTC, and not the NASD or the NYSE, (you see i did read most of the SEC regualtions, just not all of them)
Reading and comprehending are two different abilities. If you READ the NASD letter on BCIT's trading, you would see that no one is allowed to trade BCIT without a 15c-211. In addition, members were warned to verify all deposited shares with the T/A.
a 15c-211 was in fact filed and the filings were brought up to dfate at one point, you know that, can you tell me exactly why the members did not have confidence that a company's financial statements were not current and accurate when Megas did bring the filings up to date?
i can.
You mean the shammy Legacy which was not recognized by many broker-dealers. Even TDAmeritrade was caught making a comment that they refuse to recognize any quotes made by Legacy. Who was the auditor who signed off on BCIT's financials glaszman? That's step number one to realizing why this is stuck in trading hell. Step Two glaszman is 15c211's do have to be updated from time to time. Step 3 is learning the difference between finally becoming compliant again and falling out of compliance.
please elaborate about why Legacy did not have the proper filing
Legacy is a crackpot broker-dealer with a shady history. What worries me more is how and why Megas even tried to work with Legacy after it was exposed Legacy helped Rufus Harris run the Conversion Solutions sham stock increase.
You want a MM with a solid reputation. By the way, who is backing our updated and current 15c-211 at this moment?
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