The authors suggest several post-deregistration steps for companies to consider. Before delisting from Nasdaq or the OTCBB, issue a press release sufficiently in advance to let holders sell their shares. Notify the marketmakers, who might wish to get ongoing information on the delistee from the so-called pink sheets, which is an information service for brokers. They did not do that. They hung the investors out to dry They lied in their filing about the number of shareholders.
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