Who's "they"?
This CEO is in the federal pen for the next few years, has no money, has a ton of personal debt, and can't currently sign an SEC form. There are no other directors or officers. An RS would be the tool for a debt consolidation done by a creditor, but there is no creditor on this one, and no debt as far as I can tell from the last filings.
This will most likely sit in limbo until:
The CEO sells his resignation and someone else decides to do something with the company.
SEC/FINRA halts it for whatever reason.
Proxy vote takeover to dislodge current CEO.
Tender bid takeover to dislodge current CEO.
Someone accumulating enough votes some other way to do a takeover, like just accumulating enough common stock.
Some other criminal charge or lawsuit happens and the court does something to change the status of it.
OR any number of other happenings that force an outcome... who knows.
However, none of this absolutely stops this POS from running again right now. It can get it's own mo going without help from lousy POS CEO Ulsteen, and with the relatively low float for something in the trips and sitting at .0001 it's certainly possible.
#kabx# - darkside limboland.
BTW, I've seen similar "lights out" POS stocks sit in limbo like this for years. Ya just never know what might happen on one of these scams to wake it up... or when... or never.
n ~ x ~ t ~ t ~ f
