I know what your saying but this is the companies wording not the SEC.
Read the second paragraph and it seems to be worded like it was a company decision all the way. And they are great guys for doing so. That's what I mean.
"The purpose of the Hearing was to determine whether it was necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months or revoke the registration, of each class of securities of the Company registered pursuant to Section 12 of the Exchange Act. The Hearing was scheduled because the Company was delinquent in its periodic filings with the SEC;
After conversations with the SEC over the last month, on May 7, 2019, the Company signed an order that would provide that the registration of the Company’s common stock and any other class of its securities registered pursuant to Section 12 of the Exchange Act will be revoked, subject to approval of the SEC (the “Proposed Order”);"
