Replies to post #1773 on Nevada Gold Corp. (fka NVGC)

[pitts77h]

They're already ON the grey market, nothing is required to get them back there.

Do you know what it takes to get them back on the grey market?

If you're interested in finding out what happens to a stock once it's been suspended, I suggest you start here:

http://investorshub.advfn.com/Grey-Sheet-Grey-Market-Stock-Info-Board-3459/

As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.

Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.

The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.

Of the 471 stocks that are on the Grey Sheets most are awaiting revocation on DEFAULT for failure to file Financials, wherein there were no other allegations that would require subsequent SEC Litigation(s).

Are you familiar with SEC 15c 211?

[Climacus]

He's right. It is extremely difficult to get off the grey market. I am only aware of two companies that have done it in the last three years. I got into a stock (and am still in it) that was regulated to the grey's a little over a year ago. I did ALOT of research into the grey market. Here is the gist:

From the last information that I read (And sorry, I tried to find the original documentation but was unsuccessful.), the SEC is telling companies that wish to move off the Grey market to file two years worth of audited financials. They do not want the companies to go over the prior two fiscal years and have them audited, but want the company to operate for two years and file audited financials for the upcoming years. Most companies cannot complete the task. They are share selling scams. They simply go bankrupt as they cannot fund operations without selling shares.

The SEC has been telling this to companies because, as of late, suspensions have become more and more frequent. If they are a legit company, the SEC wants them to find a way back, but wants assurances....hence the two years worth of audited financials.

If you're not willing to sell for a loss and genuinely believe in the company, I would anticipate about a 1.5 - 3 year (depending on when their fiscal year report is due and how long it takes to have their financials audited....it does take a while)wait before any movement to a different tier would occur.

Good Luck!