Bell Buckle Holdings (BLLB)

[CaoPanShou]

How you interpret what was said and by whom is a little different for different companies. What SEC says are actual rules, SEC says you have to have accurate public dissemination by Sept 30 or be suspended and brought back after the suspension on the grey or EXPMkt.(this isn't really new, just happens faster now with these rules)
The OTC simply warned the process is time consuming and you should get in line by June. This is the part that some companies have no real issue with. They are not delinquent by a measure of years but, only a quarter or two. For them the process would not take that long.
If a company is trying to get current and has changed hands, has lost records(several years worth). They will be at risk of not meeting that deadline if they are not in process early enough.(they could be in communication with SEC though and still avoid suspension, it is an SEC decision, not an OTC one.)
They will get a 2 week suspension and come back up on grey or ExpMkt. This is not a death knell. It simply means they have to jump through some more expensive hoops to get a MM to back them again.

How it is decided where they fall, Grey or ExpMkt, I am not aware of. ExpMkt is a new thing started in 2019 I think.