Interesting, but I don't think it as easy as just 60 day waiting period. From what I've been told from people who know this stuff in detail--and I don't-- it has to be signed off on by the SEC. They will review based on last filings etc. and they may have concerns, questions to be addressed. Or not. Then, I believe it has to go to OTC for their approval to return to trading, and to do that it will require a market maker in place and perhaps FINRA also has to weigh in, give their approval. So it is not the one thing as I understand it.
But I believe the SEC is the main thing. Beyond that, one does have to wonder how will SFEG convince us that it can get the next filings in on time, easily and efficiently. You know, like real public companies do? To me it seems obvious, that this delay to get these filings in was a one-off, took some time, I don't know why exactly, but far too long to take care of. This delay was not exactly confidence building to those of us looking in. But I guess, you could say, should say that the bonus is that in the mean time they have put other important things in place, including prosecuting and getting financial judgments that have been paid to SFEG from the past executive who defrauded them. And they have the partnership with TMRC which looks good. I like that one! And they have announced the purchase of the land for the mill in Arizona. There's more to come. Obviously, now they have to build the mill? And not on the same time frame it took for the filings.
Do they need to look better, like a real company, that can move things along and has the $$ and expertise to do so? I'd say yes, they do, but this is a new day in my...very humble--opinion. I guess all we can do is what we do, watch and wait.
