Until the SEC Decision, It's Cart Before Horse...
So, 120 days from service of the suspension order, there will be a decision issued. Sometime early to mid-June 2013, depending on when cryfq received service. My concern is that the company has not done any sort of disclosure, within SEC guidelines, since the suspension. SEC requires that they disclose to shareholders of a material event. Getting suspended and going to the greys seems pretty material.
Ignoring SEC mandates of disclosure probably does not help.
I don't know for sure, but something just doesn't seem right.
cryfq forgets to file SEC fins, even though filed on time in Canada.
Wors is out, the SEC has been on a roll to clean up pinks/greys.
And, does not help Fung's association with Silver Dragon Resources.
SDRG was suspended and currently cannot trade.
SEC has been associating people to suspicious tickers to clean things up.
Might be a convenient way for cryfq to get rid of US commons.
Should SEC revoke a ticker, TSX typically follows suit. Statistically.
Don't like writing that, but it is a very real possibility.
Also, the trading at 0.072 is odd, to me.
Seems it would be to the even penny. Or, half penny.
There are no Market Makers in greys. Brokers do the work.
Traders are blind until they call their broker.
Then traders can get an idea of bid-ask, but only within that broker.
Rest of the market's bid-ask is unknown.
Well, technically, the greys is not a market.
Could be the same broker getting all trades on the 0.072. Who knows.
Anyway, this is a tough time on cryfq shareholders.
Considerably tougher, and more risky, than in times past.
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