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11/18/19 11:05 PM

#58811 RE: Muddydirt #58790

One of the reasons for an SEC suspension is this, from many of the SEC suspension statements

"SEC Suspension because of questions that have been raised about the accuracy and adequacy of publicly disseminated information."

The SEC has been told that Justin Costello is the sole officer and director of GRNF, and that GRNF has 0 assets and revenue. A pr, released 9/23/19 stated:
"The Company also communicates events through its authorized press releases. The Company remains a reporting shell company with no business operations to date."
Is that "adequate," if this other "publicly disseminated information," which includes the following, quoted from press releases, is "accurate?"
Released on 8/23, one month before the company reported "no business operations to date," was this pr:
“GRN Holding Corporation is experiencing accelerated growth in a burgeoning industry and I am eager to bring my leadership and operations experience to help further the company’s continued success.”

"I am excited to be joining an experienced team of executives in such a dynamic industry. GRN Holding Corporation is well-positioned to enable businesses to reach larger markets and develop competitive advantages to increase profitability and I am thrilled to be able to contribute to that growth and future success."
"GRN Holding Corporation, (Formerly Discovery Gold Corporation) adds Nancy Norton, to its Executive Team."
"Discovery Gold Corporation (GRN Holding Corporation) Adds Chris Irish and Kyle Hockenstein to its Management Team"


More SEC suspension boiler plate:
"The Commission temporarily suspended trading in the securities of ---- because of concerns about recent promotions, unusual and unexplained market activity in the company’s stock "

GRNF was aware of promotions or they would not have released this pr shortly after the large volume crash (1.74. to .60) on 9/12
"Discovery Gold Corporation (GRN Holding Corporation), Comments on Unauthorized and Unsanctioned Promotional Pieces 09/19/2019"

Millions of shares came off restriction before that day, in disregard of the filed statement from legacy shareholders holding restricted shares, filed 9/24/18

"All of the outstanding shares of common stock held by our present officers, directors, and affiliate stockholders, many of our other shareholders, are "restricted securities" within the meaning of Rule 144. In order to comply with Rule 144(i)(2), the company would be required to (i) have file “Form 10 information” as a non-shell (commonly called a “Super 8-K”) and (ii) be current with its filings under the Exchange Act, and 12 months shall have elapsed since the filing of the “Form 10 information.”
The practical effect is that these restricted shares are essentially illiquid and are unable to be sold by such holders into any public market, unless and until the requirements set forth in Rule 144 (i)(2) as set forth above have been met. Brokers will not even allow the deposit of the shares, nor will the transfer agent allow the removal of the restrictive legend."


No "super 8k" confirming non-shell status has been filed. More shares came off restriction, with GRNF's knowledge and approval recently. The company must approve shares coming off restriction, as the SEC states:

"Even if you’ve met all the conditions of Rule 144, you still cannot sell your restricted securities to the public until you’ve had the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won’t remove the legend unless the issuer consents—usually in the form of an opinion letter from the issuer’s counsel to the transfer agent."
https://www.sec.gov/fast-answers/answersrestrichtm.html

Do the wild price swings 9/12 and 11/04,/11/05, and 11/06, with the shares coming off restriction constitute "unusual and unexplained market activity in the company’s stock?"