I'm pretty sure, it's on the list of banned stocks, as recently issued by TDA and others. So, it's Reduce only, for retailers. They already took similar action against all Caveat Emptors, effective on May 25th. That sector's been virtually destroyed by that move. Only a few international brokers will trade those stocks now, and there also seem to be no restrictions for pros. That of course also means that it'll be easy for pros, to grab the cheapies, in the few cases, where it might be worth it. Many CEs are now down to frequently zero volume, and a price of 0.000001, which shouldn’t even be possible, but obviously, not even the minimum bid applies to every market participant. The new ban effectively downgrades all Pink Limited and Pink No Information stocks to Expert Market, even if that's not actually happening. The result is the same, and you can watch them drop dead, one at a time.
I only took DRWN for a short ride, and also pulled out months ago, with a modest gain. I just couldn't really see the attraction. It's been discussed, if the CEO might have faked his illness and made a run for it. While I can't speak to that point, and am not making any accusations, the facts that remain, can't really get me excited. In retrospect, the last shareholder update, he posted, almost reads like a Dear Joan letter. There's no evidence of any effort to take the company current again. There might have been fake websites and almost definitely a fake Twitter account, without the company even objecting and posting a clarification. That looks bad. I've seen active companies react to impersonation, and promptly. DRWN didn't. And there's this alleged patent of theirs. It was once posted in a DD package. The problem is, that this wasn’t a patent application at all. The introduction stated that it was a preliminary patent application. That's a "poor man's" patent application, that doesn’t even initiate an approval process. It's a kind of priority notice that grants a one-time, non-extendable deadline of one year, in which the applicant can decide, if he means business or not. Because there's no investigation into the eligibility, the fees are much lower than for a real patent application. But the company seems to have gone dark, before a real application was ever handed in. That means, the preliminary application has expired and is completely worthless by now.
The only interesting aspect, I can identify, is a decent share structure, with over 50% restricted shares, in which someone should still have a vested interest. But that alone proves nothing. It could still become a custodian play, or a target for a Reverse Takeover, but that's a long shot. It could still get exciting, if anyone took any action, but there's no evidence of any activity, at least none that I'm aware of.
