You called GRCU scam and were spot on. Amazing amount of bag holders here and any PR will be met with packed exits. Who can sell faster is the only question.
GRCU got in bed with slimy partner SIPC, which is a serial BS PR machine. That alone should tell you GRCU is toast as they were willing to partner with a shit show.
Nasty past and even more nasty partnerships. When you sleep with dogs, you end up with flees.
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