PEOPLE, LISTEN. There is so much fearmongering going on here, 99.9% of which is unwarranted. This company has been working on building a strong fiscal foundation for years -- FIFTEEN YEARS to be exact, formed in 2000 -- to what we know as "CRGP" now as of 2006.
Please enlighten me as to ANY shell or scam you know of that lasted that long or somehow created such an elaborate ruse? Further, how many have produced ANY quarterly revenue that has been close to what CRGP has, not to mention the ability to stay CURRENT with reporting, a reasonable share structure at all points in their history, legitimate dividend issuance PAID WITH CASH TO DTCC and CLEARING all brokerages, etc, etc, etc... you simply can't replicate this company with another example.
They also have clearly reached out and have been in communication with COR (a seriously slimy company who has a history of being FINED by FINRA) prior to all of this going down (which is PROOF CRGP DOES EXIST AND WANTS TO FAITHFULLY CONTINUE THEIR OPERATIONS). They have legitimate addresses, legit phone numbers, an IR that actually responds to inquires, and so much more. They also have legal counsel on retainer (prior to this lawsuit being filed):
Law Offices of James R. J. Scheltema, LLC
5042 Durham Road West Columbia, MD 21044
Tel: (850) 723-7496
Email: jscheltema@gmail.com
Come on. Wake Up. No shell or scam company is this deep into things. No shell or scam has cash on hand like CRGP does. They also don't file on time like CRGP does. This is a legit company. You know it, I know it, they have proved it.
Are there questions since SHTF? Absolutely. And I'm confident we'll hear answers in due time. Whether it is Monday or months from now, this company isn't going to just disappear and leave everyone out to dry. They were talking about uplisting and UP UNTIL THIS HALT, they were doing everything correctly and on path to make that happen. Anyone who knows to how to look at the L2 knows the shady shorting going on the past 3 trading days before the halt. This has been undervalued for a long long long time and has only been held down by the MM's and the folks who are they themselves breaking the law and scheming to keep the PPS down. That's life in the OTC, but it's still wrong.
What's happening now is CRGP is in talks with their legal counsel and CANNOT MAKE A STATEMENT until they assemble a proper response by filing with the court (and possible countersuit). This is pretty basic.
As for the number of claims seeking relief that were in the COR suit, that's just common practice to throw everything at the wall to see what sticks. Any attorney will do that so they can make sure they have every possible legal angle and leverage even if the claims are baseless. Trust me, I've been there on both ends. It may even be likely CRGP files a countersuit with even more claims for relief than the initial suit, we just don't know yet.
Patience is key here. This will keep trading, there is little doubt. The question is when. And even if it's awhile, if this results in a counterclaim being filed and a possible positive outcome for CRGP, the PPS will soar.
My advice is to go back and read the last few dozen pieces of news that CRGP has released and ask yourself how many of those they did NOT follow through with. Then look at the financials, the revenue, the cash flow, the increase in growth. This is a company that was legitimately on track to uplist at some point to another exchange. Pissing it all into the wind would be highly unlikely.
IMO. GLTA.
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