It's commendable that shareholders are being proactive, but I'm afraid there are a few problems with your plan.
First, FNLH is already on the Grey Market; that happened as soon as it was suspended. It will reopen on the Greys, because there isn't time for the company to do everything necessary by July 26.
Here's the problem: The SEC tends to be singleminded, and especially so when they bring a revocation action. Whether they prefer active companies to shells, or want to help shareholders is completely irrelevant.
Revocations are very simple: the company has filed its required reports or not. Obviously FNLH has not. That is the ONLY issue that must be addressed. If they can cut some kind of deal to complete the filings within a year, then they may come back. If not, they'll be revoked.
Say your car won't work because it needs a new spark plug. It still won't work if you buy new tires, but no spark plug.
