The SEC doesn't "remove" revocations. A revocation is a terminal event. BCIT got revoked because they weren't current with their filing requirements. If they want to trade again, they are back at square one.
Besides, at this point, preparing a 10-12G would be far less hassle, and less expensive, than preparing the four audited 10-K's and thirteen 10-Q's that would have been required to get BCIT current with their filing requirements.
If they're serious about ever trading again, the 10-12G is paramount. The absence of the 10-12G is all the proof you need that no one is serious about getting BCIT to trade again.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital