Obviously you didnt read what it said. The SEC intends to accomplish, ie., not current would cause the Market Maker to withdraw its FORM 211 to FINRA for market making services and quotations, which would cause all piggyback MM's to not be allowed to quote a stock since the sponsoring MM withdrew its FORM 211.
They are not going after the companies but rather the Market Makers and removing their FORM 211 so the stock will only trade on the Grey Market.
The SEC would place the responsibility onto the Brokers and Market Makers to ensure their FORM 211 to FINRA for each OTC stock is justified on current info/disclosures.
IFLM has less than 60 days to get current or it will be sent to the Grey Market