2 concerns on that. of the greatest importance is, obviously they can't pay accounts and or the new CFO is a complete idiot, regardless no money to pay for accounting?
And 2. I don't think they can pull the reverse split, or have any proxy meetings unless their public records are up to date. I.E. no finical reports no amendment changes, no Reverse split.
Odd as well, Finra should have assigned an E to the symbol; deficiency notice. ECOBE
It looks more like they're aiming for the stock's grave yard; Gray Market.