It has no bearing. A public company need not be registered with the SEC. It doesn't mean a thing in terms of the certificate
>>if the SEC suspends registration<<
The SEC can revoke the registration, not suspend it. revoking it means, market makers can no longer use BLLN's "piggy back" exception to make a market with BLLN stock and publish "unsolicited" quotes on the Pinksheets and so it becomes a Grey Market stock
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa