WOW... interesting. DO WE have a chance.... by this post looks very tough to get back on track. Sad if ends up to be true.... this mode needs to be put to a end.
Complete list of SEC suspended stocks from January 1st, 2010 to April 3rd, 2013. In the past 3 years and 3 months there have been 1246 SEC Suspensions where ALL stocks were sent to the Grey Sheets. Of the 1246 Suspended stocks 472 remain on the Grey Sheets and 774 stock registrations were Revoked.
Suspended and sent to the Grey Sheets: *** Many of the stocks in this group were suspended for "questions" about adequacy and / or accuracy of company information, including news releases, share issuances, stock promotions, whatever else the SEC may allege. Stocks suspended for "questions" will likely be subjects of subsequent SEC Litigations and will remain on the Grey Sheets until SEC Litigation occurs, or the unlikely event where the SEC may issue a No Action dismissal of the "questions" listed in the Suspension.
Plus 379 shell companies Suspended and sent to the Grey Sheets so that the shells could not be hijacked by fraudsters to set up a scam stock. As of April 3rd, 2013 the SEC has revoked over a dozen registrations from this group.