Gunther Grant Inc (GNGR)

[mdimport]

My understanding is that the SEC will force revocation of Gray Market tickers after 18 months.

Basically the September 28 deadline to get current is an initial cut of which companies to target.

I'm sure there are tickers which won't be current by September 28, but which have submitted their paperwork and they'll survive. However tickers like $GNGR will be gone.

He has posted on his website (removed already) he had no plan to become current.

What makes you feel an accredited investor would want to touch $GNGR? You are talking about sophisticated people (either individuals or employees of corporations) who read filings and corporate presentations and consider the quality of the management team.

But he feels he will do better in the gray market with accredited investors.

Grant was praying for this type of event to allow $GNGR to be delisted to the Gray Market and then be revoked. That way he can blame his inability to perform on OTC Markets and the SEC / "the system", and an inability to find (accredited, but really any) investors. For CEO's like him, this change mandated by the SEC is manna from heaven.