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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: ChrisJP who wrote (131557)4/21/2004 11:32:28 AM
From: Jim Bishop  Read Replies (1) of 150070
 
Chris it's just the way it is. After an SEC suspension, the stock automatically comes back pink until such time as a market maker is willing to take on the responsibility of filing form 15C2-11. Once that is approved it trades dual listing, pink and OTC for 30 days...after 30 days other MM's can "piggyback" onto it OTC.

If it's a real company and mm's have lots of confidence in trading it, then I believe other MM's can also file 15C2-11's and speed the process up...I think.
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