Correction: My post incorrectly included the following quote from my source...
...it was actually a quote from the source that was quoted in the post I was replying to. Here's the actual source for that quote which I included to show that the original quote was confined to "disgorgement actions"...
Yeah, well, the company says they'll need a 211, so we'll go with that. I expect it's because even OTC Markets would hesitate to pop a company back into trading after being cited for false information in the public marketplace (aka - fraud) by the SEC. Delinquent financials is one thing that can be healed, regaining trust after fraud is a bit more difficult.