I searched the net for other companies whose filings were allowed to go effective and the average response time from the SEC for this sort of thing appears to be a minimum of 60 days. However, I couldn't find any specific rule which required this minimum, and I didn't see any company who stated it happened before this time frame. I found the following on www.otcbb.com, but I'm not sure it applies in this case:
6530. OTCBB-Eligible Securities
A member shall be permitted to quote the following categories of securities in the Service:
(a) any domestic equity security that satisfies the requirements of subparagraph (1) and either subparagraph (2) or (3) or (4) below:
(1) the security is not listed on a national securities exchange in the U.S., except that an equity security shall be considered eligible if it:
(A) is listed on one or more regional stock exchanges, and
(B) does not qualify for dissemination of transaction reports via the facilities of the Consolidated Tape; and
(2) the issuer of the security is required to file reports pursuant to Section 13 or 15(d) of the Act or the security is described in Section 12(g)(2)(B) of the Act, and, subject to a thirty calendar day grace period, the issuer of the security is current in its reporting obligations, or
(3) the security is described in Section 12(g)(2)(G) of the Act and, subject to a sixty calendar day grace period, the issuer of the security is current in its reporting obligations, or
(4) the issuer of the security is a bank or savings association (or a holding company for such an entity) that is not required to file reports with the Commission pursuant to Section 13 or 15(d) of the Act and, subject to a sixty calendar day grace period, the issuer of the security is current with all required filings with its appropriate Federal banking agency or State bank supervisor (as defined in 12 U.S.C. 1813).
