Johnney merged into GRLT. He has everything to do with it now. FINRA and the SEC look at the past, they don't look into the future. They can't, it hasn't happened yet. A fraud-tainted shells are radioactive. History matters.
FINRA looks for:
Ongoing unresolved litigation
Unresolved SEC issues
Unpaid judgments
Unfiled disclosures
Suspicious trading patterns
Promotional activity
Social media hype
If the fraud appears ongoing or unresolved, FINRA will not process the merger-related corporate actions.