Don't be mislead, this is what FINRA had to say Sept. 29th, 2011:
Notice from FINRA dated September 29th, 2011:
Attn: Trading and Market Making/Legal and Compliance/Operations/Systems
UNIFORM PRACTICE ADVISORY (UPC #68-11) September 29, 2011
Asyst Technologies, Inc. (ASYTQ)
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Notice has been received that the above Company’s Joint Plan of Reorganization (Plan) filed under Chapter XI of the Federal Bankruptcy Code, became effective on March 5, 2010. Pursuant to the Plan, on the Effective Date, all shares of stock in ATI will be cancelled and will forever cease trading on OTC Bulletin Board or any other securities exchange or market. Class 4 consists of holders of Interests in the Debtor. Class 4 is impaired and the holders of Interests in Class 4 will not receive any distributions on account of Interests. Holders of Interests in Class 4 shall be deemed to have rejected the Plan and shall not have the opportunity to vote.
Members are reminded of their obligations under NASD Conduct Rule 2310 if they continue to engage in transactions in the above security after the effective date.
Members are further advised that deliveries in settlement of contracts in the OLD securities, which were executed prior to the announcement that the securities had been deemed worthless, shall be evidenced by either a) the OLD security; or b) a Letter of Indemnity which shall grant the purchaser any rights and privileges which might accrue to the holders of the physical securities. Such deliveries shall operate to close-out the contract and shall be settled at the existing contract price pursuant to Uniform Practice Code Rule 11530.
Questions regarding this notice should be directed to: FINRA Operations- 1-866-776-0800.
www2.finra.org/web/groups/industry/@ip/@comp/.../p124548.pdf
Be sure to avail yourself of the history here, it's telling in more ways than one.
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