Correct florda444! I've read and heard if a company merges or up lists then the SEC requirements involving the TA and DTCC will need to account for every share and the share structure is audited. The TA working with the DTCC will make sure all issued and outstanding shares have a certificate number. If brokers have issued NSS shares then they will need to cover them with certs. The only way to find certs is through those holding legitimate shares. Hence they will pay almost anything if the NSS is bad enough and the short squeeze is on. I don't have a clue if this is the case with GRCU or not. All I know is the PPS seems artificially depressed and there is an entity that doesn't want it coming back.