if he had responded to the delinquency letter that he received before the suspension... maybe. but he didn't, despite what he "was saying". in other words, he lied.
well,you're right about that. it would be magic because that only happens in fantasy land. here's how it works. if he somehow came up with all delinquent financials today, he could file a form 10 registration with 2 years of audited and try to become a public company again. just like any other private company wanting to go public. the sec has not "stopped" this company it has simply made it private. you still own shares, there is just no market for those shares.
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