i'm not saying they wouldn't. i'm saying they would not likely be successful. a form 211 is submitted by a sponsoring market maker and they are reluctant to do that for a company that has been suspended for suspected fraud. finra is unlikely to approve such a submission for the very same reason, especially since finra participated in the sec's investigation.
and then there is the law of probability. you can see by studying the following link that only a couple of companies have done it in the last almost 9 years.