Because that saves them from getting delisted from trading entirely. They currently were obligated to file with the SEC and they were delinquent, which eventually would have gotten them delisted. When a company files a 15-12 that means they're not abandoning the shell and so quite possibly there may be more to the story. Put it this way, I was waiting to take a position here until the delisting risk was removed. Now that they've filed the 15-12 I'm more comfortable sitting on some shares and being patient.
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