I do hope for the bagholders here, that this can get back trading. But a couple of points:
1. Hayter is not suing the SEC. The SEC is suing Hayter.
2. The SEC does not lose many cases, particularly when it involves a scam, of which BIHC was.
3. Even if the SEC loses, once a company is suspended and sent to the grays, the only way it will regain regular trading (i.e. bid/ask quotes) is to file the 15c-211 or a 10F. Both require two years of audited fins and a full disclosure statement (40+ pages). Again, the forms need to reviewed and approved by the SEC.
4. In 10 years of following pinks, I have only seen one stock, that was suspended and regained full trading status. There is currently one other that is attempting to do it.
I would post the names, but it would be off topic.
