Sounds that way if it's in contention there must be something of significant value and/or those still owning notes or shares in the old company probably are doing everything they can to sell before a custodianship and eventual merger happen. Thanks.
If they wanted to contest it they would reinstate the entity on sos. You’re making too many assumptions in the absence of concrete info and it’s going to create a ridiculous amount of confusion here. Just wait for the filing, then read it.