In my opinion, ICRD ain’t going to any grey sheets. It’s already locked into the R/M process.
It has another 18months. R/Ms fall into the SEC exceptions.
It’s down around page 96 on the new rules. These things are always written to be vague and double talk. I’m not sure a stock needs to be granted custodial to gain the extra 18 months or be before a Custodial court?
I got an e-mail into Ben on this. He has enough lawyers sucking his knee caps to figure it out.
I’m getting out of all R/M plays that are high floats or not going anywhere.. Best be cautious. And who knows what your Broker’s knee jerk reaction is.