My take of what happened here.
To begin, forget about GRPR and it's management. They are gone. GRPR apparently was a vehicle that was for sale. Going rate is usually around $300k depending on debt and how many shares are deliverable. In my book anything under 95% is a deal killer.
RJM Company wanted to go public. They gave GRPR a cash offer, and maybe a few shares. They performed an RS to wipe shareholders out, then RJM took over the BOD & management.
RJM is worth millions and they are not going to enrich everyone with their hard work for nothing. Sorry gang. That's why we got wiped out last year. You can complain about it, or make chicken salad out of chicken shit. Opportunities like SIML don't come around often.
Next, there are always a handful of seed-holders with large blocks of shares. It's illegal for the company to contact them, but those shares MUST be bought back. Usually the company will provide a NOBO list, then a representative of RJM will call each large shareholder with a buy-out offer. If some balk, the CEO files a threat of another RS to force them into acceptance. It usually works. The RS is no longer an option.
Once the large shareholders are on board, they start crossing shares open market, which is what's been happening since 4/15. Did you notice the Form T trades today after hours and the 6 digit $.000099 MM transfer trades? Those are red flags of shares transferring, not retail buying or as some think "Dilution".
Once the large shareholders are on board, that's when RJM starts clearing debt. As a legitimate company, bringing in millions of assets RJM can't allow toxic notes to soak up the volume and in essence kill the company. The mere fact they paid off Asher (Crasher) Enterprises is monumental.
The large shareholder crosses are finished. There is now only retail on the offer which clears the way for serious movement. If I was driving this bus, I'd have a meaty announcement ready ASAP! This could be a penny in no time!
