Seems to me that everything is done but the paperwork. Only question is why they are running out the clock. From what I have seen in a few cases, pinks have been halted by the SEC after 3 years of non-reporting when they have registered shares (not that that seems to be a rule that I can find)... But, if we have nothing by the May 16 anniversary, is my guess, we'll potentially be looking at a different ballgame. About then I will be significantly reducing my position if nothing else has changed, just based on the odds.
I still think that this has a great shot at making news, in the meantime.