I am not versed on NASDAQ operations so this is 98.9% conjecture. NUGX (the retitled version of NGIO) is listed on grey sheet and is being marketed to restricted pre-approved investors who have been cleared to establish positions on a pledge basis. Some market maker probably took the initiative to do this and is counting on some commissions or participation profits. This is a short term offering and signifies launch as official IPO. This explains why dividend shares have been given the new ticker symbol. This is positive and the price will probably be published the day before or day of listing. I think the timing is based on when the NASDAQ filings are due, the last step to clearing for free trading of stock.

If I am full of baloney let me know.