The real issue with getting compliant is they technically need FINRA approval for the increase in A/S and the issuance of shares on debt conversion. FINRA's authority was affirmed by the SEC in two recent SEC administrative decisions.
FINRA won't approve unless an entity is compliant with SEC filings. ECOS learned that at the time of reverse split. This means that 9/1 is the magic day for all outstanding SEC filings (2 quarters of 2017) to be made.
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