Expect to be surprised! See, anyone can make assumptions, good or bad, but the fact remains that nobody knows how this will turn out until after July 10th. If KJ can provide enough information to satisfy the SEC, the matter will be resolved. So, until that time, we shouldn't make assumptions based solely upon CDNL's filing of financial information.
Fact is, many stocks trading in the pinks do not have to file financial info. This is the whole reason CDNL got moved down to lowest level in the pinks. Now he has to give the SEC a reasonable explanation for the situation and where to go from here.
Other pinky stocks that had bigger issues than this were able to resolve their problems with the SEC to resume trading in the OTC exchange. One example I can think of off the top of my head is $PHOT and know there are plenty more.
The SEC is mostly interested in preventing any kind of fraudulent activities and if CDNL can provide enough proof to convince them, there is a good chance they can start trading in the pinks again. Again, we just won't know for sure until after July 10th and any assumptions made prior are just a guess at best! Cheers!
