“With all of this said a form 211 should be easily refilled and the company opens back up yo trading after the 10 day suspension.”
Out of the thousands of SEC suspensions over the last 8 years, only a handful (those that can be counted on one hand) have managed to return to quoted trading. And those few that did took well over a year to do so, in most cases years.
No market maker is going to take the risk and liability of sponsoring a 211 for a ticker that was suspended for “questions of adequacy and accuracy”...their code words for suspected fraud.
And getting an audit done on the K will do nothing. The lack of an audit had nothing to do with this suspension, because that is a delinquency issue.
They would simply become a “current” SEC reporting company on the grey market.
"Harsh reality is always better than false hope"