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csud1

06/13/11 3:01 PM

#31366 RE: learjetman #31365

I just don't understand how we got lumped in with the other 16 to begin with. There's more to the story I'm sure.
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liketotravel

06/13/11 3:31 PM

#31368 RE: learjetman #31365

Read it again; It says, (For stocks that trade in the over-the-counter market (also commonly called the “OTC market”, which includes the Bulletin Board and OTC Markets (f/k/a Pink Sheets)), trading "does not automatically" resume when a suspension ends.)

And then this, In contrast to stocks that trade on the OTC market, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.

Only stocks that trade on an exchange ("other than" the OTC market), will resume trading when a suspension ends.

Before OTC stock quoting can resume after a suspension period, SEC regulations require a broker-dealer to review specific information about the company. If a broker-dealer does not have confidence that a company’s financial statements are reasonably current and accurate in all material respects, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company’s stock. The OTC markets function through dealer systems where only broker-dealers may quote and facilitate trading in securities.


http://www.sec.gov/investor/alerts/tradingsuspensions.pdf