Honestly I don't know that Nixon has to have waited 2 years to submit the Form 10 to Edgar. I think the issue is how many back-filings he needs to have. Nixon stopped filing 3 years ago, so he has more than 3 years of info he could supply. (I think that for OTC SEC-work-around, he only needs 1 annual report plus any quarterlies between the annual and the filing time. But I'd have to double check that.)
One 'expert' I read said that in certain (rare?) cases, a company -- through their expert lawyer -- could plead special circumstances and just get caught up on missing filings, and then be reinstated. But I don't know if that applies to Nixon.
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