Thank you for your thorough reply.
Your patience is much greater than mine regarding the question of who controls the removal of the appended "D".
When I have time, I'm going to go back to FINRA to see if I may have missed something (even I make mistakes occasionally - lol).
Given what you have found with co-pilot I found this part most interesting: "The decision to remove the “D” designation follows a predetermined timeframe and is not discretionary." This makes sense if FINRA is in control of these changes, and it is up to FINRA not the company who decides when the D is removed.
Perhaps since the RS was a "whopping" 4000 to 1 (essentially wiping out previous shareholders), FINRA is keeping the "D" appended until it receives some unidentified info from the company. This makes sense as well to me.
Anyway, as I said whenever the "D" comes off it probably won't matter to those who are trading this ticker for short-term gains. Heck, if I wanted to swing trade SNPWD I could probably make a few bucks as well. However, such trading is definitely NOT worth the risk to me for a few bucks.
I plan to keep following this ticker just out of my own curiosity. I've got a feeling there is more to this story than we know publicly. But who knows how this will end? I for one would surely not claim to know how it ends. I have some hunches, but no sense in posting them as it is all merely speculation.
News 
Market Data 
Discover 
