I agree that it is almost impossible to get out of CE. But It’s been done before. You still didn’t address my question- why would the CEO of LEGX spend thousands of dollars on filings if he thought there wasn’t hope of reinstatement? It will be dumb and a total waste of money right? I can assure you he has an auditing team working for him and an attorney to advise him.
Il throw you an example- SLJB. A CE ticker. Watch it come off of ce status soon.