Agreed, and as his lawyer he should abide by the law and file. Filing has many advantages, including being on the OTC. It MAY also have advantages of forcing a buy-in at no less than 1$ /share. Yes it costs money, and I totally understand that Our fine CEO does not want to throw one more red cent away appeasing the powers that be. The difference here is that filing in a part of trading rules, and therefore can be used an an excuse to inhibit trading, yeah,yeah pinkies do it all the time. but we aint and don't want to be a pinky, which is why we filed in the past! Asking for shares to cover a short is one thing, (not in the rules), but filing is.
imo again
zdon