Under those circumstances, it's likely the corporation will continue its business operations until it becomes aware it has been administratively dissolved. In such cases, shareholders can find themselves personally liable for any debts incurred during the period when the corporation continued to operate despite no longer having a legal existence.
Depending on how a corporation is dissolved, shareholders should be aware that they may incur negative financial consequences.
Since it was a involuntary Dissolution and has been since February and there are also tax Liabilities that need to be resolved. It is more than filing a late annual report.
The SEC won't become involved but technically the company can't sell shares - rarely enforced but another instance of the incompetence of Pope.
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