Of course they “intend” to. Companies who are suspended pending revocation say that all the time. Some actually do...and even fewer actually get 211’s submitted to FINRA and even fewer still actually get them approved.
About 1 in 1000.
But when they state that...it has the affect of keeping their shareholders from giving them grief...hope will do that...and also keep them from selling on that hope...so others can who actually understand the reality.
Bottom line...this ticker will disappear in about a month and those still holding will have effectively lost it all.
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