Lookingforward, There are no new SEC guidelines which you speak of, but there are new SEC proposals in the works that if approved within a few months will force every delinquent SEC registered ticker to trade on the grey sheets. That means no bid/ask and if no market makers are available that means it would be very hard to trade the ticker per proposed SEC 34-87115.

What the PHIL CEO did to shareholders is a terrible thing. I had a bid in when the OS was 5B but cancelled due to constant dilution.

FWIW, I doubt the SEC proposal will ever get approved. They tried this 2x already in the past.