Not sure when but it was their answer when questioned about a time frame for the progress of the COSO. "We can not say as it is out of our control". I do not know what role SEC have.
The SEC has something to say about the stock dividend. The way shares are distributed and most importantly, how the shareholders are informed. That could be by using an 8-k, PRE14C or S-1.
The HK listing, when it will happen, plays into this. Because there has to be a lockup period of 6 months after we receive the dividend shares. Something like that.