The fact that they made the gag order front and center, tells me the following:
1) The division has to spend a LOT more time on this than it had bargained for.
Specifically, it has to determine whether the gag order would have rendered the filing of financials as meaningless, because without the context of Total and Kosmos, the financials would be minuscule in vital information under the gag order.
Then, it has to determine whether not filing financials to fight litigation was in the public's best interest.
And on top of all that, it will have to sift through the reasons why there was a gag order in the first place. (Two gag orders as a matter of fact).
2) Once it does spend all of this time, then it has to decide if it's efforts in analyzing the situation still requires revocation. Given that it is unlikely that filing SEC forms trumps a state ordered gag order (per the 10th amendment of the Constitution), it is very unlikely that all of this work will bear any fruit whatsoever.
3) Given the above 2 points, and if I were the Division, I would wonder whether it is truly worthwhile pursuing this revocation, when there are so many other companies to revoke and are on the docket. If I were them, I would simply drop the whole thing, let ERHC find a market maker, and head back on the pinks.
4) the short sellers who shorted ERHC on hopes of revocation are screwed and will have to cover and move on...or else risk us going back to the pinks and getting their asses handed to them.
Krombacher
Market Data 
Markets 
AI
