No, SEC delinquency and possible suspension are not a kidding matter.
As has been mentioned before, may ALKM could just de-register so they no longer have to do SEC reporting. Then they could just do unaudited financials.
It is possible that their lease requirements had caveats requiring getting current with the SEC, though.
With ALKM now paying the increased lease cost of $10K/month, they may need to ramp-up dilutive share issuance to raise more cash to stay afloat.
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