The DTCC notice of reinstatement simply means the SEC 10 day Suspension had ended and each stock could trade again. Most stocks like PSPF that are suspended with an Administrative Proceeding ordering the company to immediately file Financials never trade again because revocation of stock registration is imminent.
On June 6th, 8 calendar days after the SEC Suspension had ended the SEC Admin Law Judge revoked PSPF's stock registration. Power Sports Factory did not comply with filing Financials as ordered below.
From the Admin Proceeding: Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.
IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice
In the SEC Admin Law Judge's Order of stock registration: As a result of the foregoing, Respondents have failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. Considering these delinquencies, it is necessary and appropriate for the protection of investors to revoke the registration of each class of registered securities of Respondents.
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