1 February 2013 9:20 AM, PST | shocktillyoudrop.com | See recent shocktillyoudrop news »

Updated: Gris Grimly offers a clarifying statement; head inside for that.

The 3D stop motion-animated re-imagining of Pinocchio was something that was always on our radar because Guillermo del Toro was on board as a co-director (with Michael Gustafson).  We didn't track the project's every move, but we brought you the major updates.  And this morning, we have some bad news.  

Writer Gris Grimly took to Twitter to post a brief progress report (his tweets appear to have been removed, but the fellas at Bleeding Cool had 'em).  

The first read: "Short to the point update on Pinocchio for those inquiring: It appears that this is not the right time for such a superior-adventurous flick."

But why?

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