I agree the shares not tightly held are being reduced. The float though is likely staying about the same.
This company has a history of late filings. They seem to file and avoid the "E".
Perhaps the 70K that went off a few days ago at .04 was someone who was nervous about the filings.
I anticipate they will get their 10K filed. Since they changed accountants they may possibly have some minor delays. Only time will tell.
Insiders own way to much stock IMO to just ignore the filings and let the company slip to the pinks. Also, why else would they have hired a new accountant if they did not plan to file the 10K ?
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