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Posted On: 12/18/2021 4:37:21 PM
Post# of 9129
"The stock of all issuers that lose compliance with Rule 15c2-11 is moved to the Grey Market. There, trades usually become increasingly infrequent; in the end, they may dry up almost entirely, and FINRA will put the stock out of its misery, deleting the ticker as an “inactive issue.” "
https://www.securitieslawyer101.com/2021/what...pproaches/
The section "The Expert Market vs the Grey Market" in the above link is worth a read.
No doubt there is a lot I don't know/understand but the word "deleting" was used. At that point I'd say from what I read if the company wanted to relist in the future it is not easy. The stock would not be NNLX again. 1st big hurdle requires a friendly Market Maker to deal with much regulations for free.
How much of the existing stock charter would need to be followed is WAY beyond my pay grade, all of this stuff is!!!
Weird is one way to describe it, I like interesting. The stock seems to be nothing but an Albatross to them, you got to wonder if they're wishing it would just go away. But for now it's still trading.
https://www.securitieslawyer101.com/2021/what...pproaches/
The section "The Expert Market vs the Grey Market" in the above link is worth a read.
No doubt there is a lot I don't know/understand but the word "deleting" was used. At that point I'd say from what I read if the company wanted to relist in the future it is not easy. The stock would not be NNLX again. 1st big hurdle requires a friendly Market Maker to deal with much regulations for free.
How much of the existing stock charter would need to be followed is WAY beyond my pay grade, all of this stuff is!!!
Weird is one way to describe it, I like interesting. The stock seems to be nothing but an Albatross to them, you got to wonder if they're wishing it would just go away. But for now it's still trading.
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