We shall see.
Read between the lines: "...The Company will then begin the comment period required by the SEC, as well as file the next 2019 audited 10-K, due July 31, 2019. With that filing, the Company should be fully compliant on all required financial filings.
"Begin the comment period" (how long for?).....10K DUE 31st July (Note 'Due'), then, 'SHOULD BE' fully compliant. IT now remains to be seen whether or not they keep their word. Who knows with FLPC, it could be stalling tactics yet again. It now depends whether or not they keep going for another few months, and then some after that. They cannot promise anything, so the 'should be's' its all they can say. It's all and only about Administration ONLY, but hey, it's their own silly fault for not getting their finger out in the first place nearly FIVE YEARS AGO!!
It appears to be worded as another case of protracted fiddle-fadling about with not the remotest of signs about financing or Mining...if they last that long. Be prepared for another year of nothing much at all, but who knows. The news is old now anyway?