When the TA (Transfer Agent) is gagged, it means that they have been ordered by the company (ABCE) not to give out ANY information about the share structure (authorized shares, outstanding shares, restricted shares, float, etc...) to shareholders.
When a company is transparent (ie. the TA is not gagged), any shareholder can contact the TA at any time (by phone or email) and get an update on the share structure. This kind of information is quite important when investing in a company.
Myself and many others have found out that the TA is gagged by personally contacting the TA (myself by email). When we contacted them, they told us that the company has forbidden them from giving out any share structure information to any shareholders. Furthermore, before the last reverse split, the TA had not been gagged. I know this because I had contacted the TA regularly and had been given the information about the updated share structures. But now this information has been forbidden by the company, hence the TA is gagged.
Hopefully this explanation is clear enough.
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