I think because JB made the statement that they were not concerned with the pps. They were intent on building a business. Hence, why we continue to hear no news and dwell around as bottom feeders. Either they have a stout business plan or they have nothing. At LEAST they are not fluffing us with bullsheet!!. I keep telling myself that to get through the days, weeks, and now months! Hope not to be in this predicament in years. :(
Here’s your answer, (along with supporting link). It’s well known in financial sectors that the DTCC wants to purge microcap companies from the marketplace. http://dtcchill.com/tag/dtcc Something as innocuous as a name change will get you on the “list”. That’s why hundreds of companies, maybe thousands (such as GRDO) are on the “list”. No biggie & no hindrance to trading. If the list was a true negative, few of us would own penny stocks. GRDO will go up on news & financials just like any other stock, POS or not. Until we churn like all the other POS out there.