Not necessarily, fringe. It's quite obvious that much has been omitted from the recent filings--for example the disposition of the Laurus deals or unresolved UCC filings--and the character of the recent filings will certainly be considered. In any case, there are still filings that are outstanding.
We all know that the SEC uses the non-filer hammer to beat down scams as a procedure that's less expensive than a full-blown investigation and trials in district courts. IMO, he Commission is justly gonna squash TLYN like a bug.