do you know what happens after the temporary halt
Post# of 41414
(Total Views: 428)
Posted On: 05/08/2018 10:01:46 AM
Re: 10yearslong #39914
do you know what happens after the temporary halt expires? It will go to the greys which means no bid/ask quotes, no volume information, all trades will be conducted by phone and only matching trades are executed. That is why papanasty three weeks ago threw one last pump out there because he knew the company was not going to meet the deadline the SEC had given them and some needed one last shot to escape so the phony story was dropped into this room, the share price zoomed up briefly allowing some to cash out and they knew, and others knew this was going to be halted. It will come back to the greys which in 99% of the time means the death knell of stocks.
You may have missed this important part of the issued notice:
Brokers and dealers should be alert to the fact that, pursuant to the Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule.
That in short means no one will touch this with a ten foot pole.
You may have missed this important part of the issued notice:
Brokers and dealers should be alert to the fact that, pursuant to the Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule.
That in short means no one will touch this with a ten foot pole.
(4)
(0)