Do you know how many companies would have to be shut down for just being a shell? The list would go on for years. There are far greater reasons than that as to why this was shut down. You could be right though- the lack of follow through by the company does not bode well for the large amount of work that has to be done to get an SEC halt lifted. Even fully reporting companies often struggle with SEC dealings and they are often on the ball. Very few win in these situations.
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