There is really nothing that CDNL can do on the hearing on the 10th. The stock is almost certain to be revoked at that time. Read the last paragraph - the judge is moving to revoke the registration based on 17 CFR 201.250.
This is the applicable language:
(a)Motion for a ruling on the pleadings. No later than 14 days after a respondent's answer has been filed, any party may move for a ruling on the pleadings on one or more claims or defenses, asserting that, even accepting all of the non-movant's factual allegations as true and drawing all reasonable inferences in the non-movant's favor, the movant is entitled to a ruling as a matter of law. The hearing officer shall promptly grant or deny the motion."
As a matter of law, CDNL has absolutely no defense whatsoever. They did not file their interim and annual financial statements with the SEC as required by law. The judge will find for the SEC and revoke the stock.
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