I have to say, I thought that I had seen it all on the pinks!
The company promptly reached out to OTCQX regarding the $1.20 trade and was advised by OTCQX that FINRA had identified the trades after 15:42:01 to be “irregular,” while not identifying the $1.20 trade as “irregular.” The company is working with OTCQX and FINRA to determine the reason for the $1.20 trade not being flagged as “irregular” and being utilized as a valid closing price, while ignoring subsequent trades that were consistent with recent market prices.