I believe they only have to provide a reason as to why they are delinquent as well as a plan to fix it within the next ten days per my research. I’m not sure there’s ever been an OTC ticker that was able to come back to the SEC and say the CEO died and we need some time to figure it out. SEC might still grey sheet them but still not an issue. Carter has a market maker connection per my research and I’ve been reading the SEC is suggesting companies provide reports for two years post revocation and filling a new Form 10 to become current again. A market maker needs to sponsor this, and as I said, this box is checked. I’m not sure if most here were ready for a two year wait. I know I was ready for it if they chose to see this out. Regardless, everyone still owns a chunk of the patents here. That’s all that really matters.
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