Vidaroo Corporation (VIDA)

[SILVERISTHENEWGOLD]

Ya except it only takes $750 to go Active again with the state and who is to say they won't do that next week for all we know?
As far as being "Revoked" is being concerned, that is where "Reinstatement" comes into play. There is a ticker getting Reinstated almost every week and played on Ihub. 2 or 3 last week. And per your own Nevada SOS link, they still have 5 years after being revoked to do something.
"technically the stock itself is supposed to be delisted from public trade and we would become private holders would have to deal with our claims in court."
Well I can tell you absolutely that they don't, I currently own one stock that has been in Default for 3 years and it trades just fine. I own 2 or 3 "Revoked" stocks and I also own 2 stock that are actually "Dissolved" as per the Nevada SOS. One of the ones that has been "Dissolved" has been that way for over a year and it still trades.
And finally, in order for a stock to go to the grey markets it has to be halted by the SEC. They don't go to grey markets for being Default, Revoked, or Dissolved.