I don't know where you keep coming up with this continuing enforcement action. When a company is halted by the SEC/FINRA, the regulatory bodies have already made a determination that a lack of information or business practices of the company pose a risk to investors. From that point on it's up to the company to restore the SEC's and the publics faith in it's legitimacy.
On the major exchanges, companies simply resume operations immediately after the 10 day halt expires. The company's share price takes a hit due to public confidence and will recover based on the companies future actions.
On the OTC, it becomes more complicated since companies are downgraded to the grey market and must complete the Form filing process to be reinstated to pink or better status. Again, it's up to the companies to prove to a market maker that they have resolved the issues identified by the SEC. Unless the SEC has referred a criminal investigation to the FBI or new information has been brought to the SEC's attention, there is no continuing enforcement action other than the normal oversight the SEC performs with every other company.
As for the timeline, it typically takes three months to prepare and file a Form 10. The Form 10 then automatically becomes effective after another 60 days. The good news is that the main time consuming portion of the Form 10 is the audit. COUV engaged their audit firm and legal counsel back on January 20 so they have about a one month head start. Nevertheless, we are probably looking at 5 or six months to get the stock situation in order. On the other hand, I'm not sure it wouldn't have taken about the same amount of time, even without the SEC halt, for the company to become current in it's financial reporting. The halt only makes it more critical for them to do so.
In the meantime, there's no reason that the merger, the technology and potential sales contracts couldn't move forward, even if the shares are only trading on the grey market.
