The question is (and if these guys running it are so good) is why did they let it get to this point? I think in due time things will be ok but come on..this is amateur hour here with the financials.
The problem here is not if IORG can refill to be a registered entity. The problem is that it will be difficult to get it trading again. OTC stocks need to be sponsored by a market maker to trade. Due to recent regulatory actions, most broker dealers will not sponsor. Unfortunately once a stock is halted you can kiss it goodbye. The SEC has no control over sponsorship. They should probably change their policies given their correspondence with management regarding delinquencies are not public. How can shareholders hold management responsible if they are kept in the dark?
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