I don't think you fully understand the serious problem that needs immediately address by the company. They need to avoid the suspended stock at ALL COST. They must treat this as number ONE PRIORITY. #1 A MUST THING TO DO.
To avoid a HUGE MISTAKE: They can terminate the registration by following the SEC guidelines. THEY MUST AST IMMEDIATELY FILE THE FORM 15 OR FORM 25.
It's a nightmare if they get the suspension. At that time the stock gets kick out of the OTC Market move to the grey market until FINRA eventually deleted the ticker symbols: While on grey, No MM on the bid or ask and to relisting is virtually impossible. Many CEO are not aware of this serious matter. When that happens then it's way too late.
1,666 Suspended SEC Registered Filers (for Financials delinquencies) sent to the Grey Market and then revoked:
AADG, AADI, AAGH, AAMA, AAMC, AANI, AAUI, ABAT, ABEW, ABFIQ, ABHI, ABKI, ABPH, ABNS, ABVV, ABWG, ACCE, ACCS, ACDU, ACEL, ACIE, ACII, ACLP, ACLY, ACMY, ACPIQ, ACQY, ACSX, ADAPQ, ADDL, ADDM, ADEH, ADGD, ADGR, ADMH, ADNW, ADOT, ADRN, ADSO, ADSPQ, ADSU, ADVP, ADVR, ADVT, ADWT, ADYE, ADZR, AEGI, AEGZF, AEHI, AEHZF, AENA, AEND, AENP, AENS, AENYQ, AERP, AEXG, AEYS, AFFI, AFSE, AGCI, AGEL, AGLV, AGMC, AGMS, AGNM, AGRT, AGSI, AGVO, AGWS, AHGIQ, AIDO, AIOD, AIME, AISIQ, ALYNQ, AHDI, AHCKF, AHNCQ, AITX, AJAC, AKGC, ALLP, ALTF, ALTI, AKESQ, AKMN, AKRK, AKYI, ALTO, ALTUQ, AMCG, AMCI, AMCO, AMGU, AMHI, AMIT, AMMS, AMNT, AMPW, AMST, AMUG, AMWT, AMWW, AMXIQ, AMZO, ANNO, ANOS, ANSVQ, ANTS, ANTXQ, AODG, AOOR, AOTL, APAB, APAR, APDTQ, APHG, APHTQ, APIT, APLI, APNN, APPS, APLS, APAT, APCU, APRJ, APSOQ, APWR, ARTEQ, APVE, APWD, APWR, APXR, AQAS, AQNM, AQUA, AQRO, AQUM, ARFR, ARGA, ARGW, AROX, ARRI, ARSP, ARTS, ARUR, ARUZQ, ASAP, ASCD, ASJP, ASRPF, ASDV, ASTR, ASTV, ASYI, ATCI, ATCS, ATGR, ATLR, ATOC, 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