I agree 100% with this, that the SEC's action does NOT "protect investors" at all. They really mean future investors.
I still think there's a chance that Nixon stopped filing as a strategy to keep convertible note holders from diluting the stock all the way to the top of the A/S, but I don't have a secondary theory about how he will get back to trading and fix the current amount of dilution.
But, if trading returns with no further dilution, this might run just because it's back to trading.
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