You dont need to file anything with SEC if youre an alternative reporting company on the pinks. Thats why they are doing it now before they file their S-1, become fully reporting and uplist. This is yet another sign that they are in the process of finishing their audits and preparing to file with the SEC and upist (most likely within OTC before NYSE/NASDAQ) as they have publicly stated several times.
To me this is good news. Means that this CEO has finally gotten is act together and his head out of his rear end