Replies to post #170675 on DD Support Board and Research Team

[janice shell]

They've been doing that for some time for some Greys that simply lost their MMs, and along with them, their compliance with Rule 15c2-11.

But that isn't quite Calissio's story. It was whacked with a U-3 halt by FINRA. If you recall, late last year and early this year, they moved quite a few Greys that had been suspended to the Pinks. I called OTC Markets, and after spending some time telling me I didn't know what I was talking about, figured it out and moved them to the Expert Market.

They shouldn't have moved Calissio to the Pinks. I see it's traded 174 million shares. If you recall, several of the note holders hadn't managed to dump their entire positions before the halt. So I'll bet they're doing that now.

[janice shell]

I just had a longish talk with somebody at issuer services at OTC Markets. Obviously the problem is that if a market maker asks them to trade a Grey stock unsolicited, their compliance people don't bother asking any questions about who the MM's client is. Nor do they look into the company itself, evidently.

So I explained CRGP's sordid history. The guy told me that retail can't trade stocks that trade on an unsolicited basis. That's not my understanding, but in this case it seems very likely that one of the noteholders from 2015 wants to dump the rest of his stock. None of them managed to sell all their holdings back in the day.

He seemed to feel the volume was "unusual", and said they'd take a look at what's going on. I suggested he do some reading about the litigation. He said maybe he'd call FINRA.

So we'll see.