Here's the definition of CTO, although not specific to FGD's issue...

What is the difference between a "trading halt", a "Cease Trade Order", a "suspension" or a "business halt"? A trading halt is issued to suspend trading in a security while material news from the company is disseminated. Halts are usually temporary - less than two hours - with trading resuming once the company has issued the important news. Halts and resumptions are issued by RS or a marketplace upon which the security is listed or quoted. More about halts and resumptions... A Cease Trade Order (CTO) is issued against a company for a variety of reasons including failing to meet its disclosure requirements such as filing a quarterly or annual financial statement, or as a result of an enforcement action that involves an investigation of wrongdoing. A CTO is often in place for an extended period of time and can be indefinite. CTOs are issued by the Securities Commissions. More about CTOs... A suspension is issued by an exchange in situations when companies fail to meet listing requirements. A business halt is a long trading halt implemented by the Exchange due to an ongoing review or business issues such as non-payment of fees.