It could. However, the SEC is already proceeding to revoke its registration altogether. As in "Symbol Not Found". Not even grey.
Can they even afford to audit 2012, 2013, and 2014, and review the Q1 and Q2 of 2015 before they get revoked?
Also, why did they ignore the warning the SEC sent in June of 2014? Its 15 months and the issuer snubbed their noses at the SEC by continuing noncompliance.
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