Seems that there is a settlement with the company's response to the SEC. It looks as if the SEC will have to review the settlement terms and make a decision on length of suspension I would think. So I would expect the company will make an announcement at the time of learning 3, 6 or whatever months that suspension will last.
Hopefully the deal with the Chinese government will start to show revenue in upcoming financials. That's what needed along with getting back to trading. Bottom line at this point nobody knows much at this point except that the company is still doing business which you have to give them credit. They could have thrown in the towel after the recent mess.
last time I saw a suspended => grey sheet "settle" with the SEC, it was for a Company to accept voluntary revocation (which only served to cover insiders' asses from further actions, IMO).....
something to consider......
The Company had become delinquent in its periodic SEC reporting requirements since the period ended December 31, 2012. In late December 2013, the SEC notified USFF that they were initiating an administrative proceeding and hearing to suspend or de-register the Company's common stock. After discussions with its board members and outside counsel, in order to resolve the proceedings and actions that the SEC had instituted against USFF, the Company determined that voluntarily submitting an Offer of Settlement to the SEC would be the most expedient path to its ultimate goal to once again become full reporting and to have its stock quoted on the Over The Counter Markets, as a stepping stone towards its long term goal of listing on NASDAQ.
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