No they can not and would not, no need to. The Up list to NYSE required a 40 Mil dollar underwritten cash raise, that these folks likely bought then selves adding to their own insiders shares.
IPO's require historical existing revenue, and the sharks of Wall street pick of 10-20% of the cash raised as fees.
Edward Mathias and Larry Kuban are connected enough to have handled that in house with no fees, IMO. Meaning all the cash likely went into NDTP, meaning they will not need to sell shares to raise to cash.
But because of the way they are going back to SEC reporting, none of the newly issued shares can be sold until after 12 months of seasoning and that clock starts the day the SEC S-1/1-A filing drops.
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