Because most of those shares have argument to get canceled which was the single biggest catalyst for TSNP now humble and based on the evident ilegal dilution this could be an all time record of shares retired. This guy didn’t pay fees and attorneys for fun. He knows it is the shares cancellation that catapulted TSNP and he will do just that here
For SEC filings is probably not enough time left. SEC deadline is June 30. Other companies take 3-6 months for SEC filings and also time to find an auditor. So if he cannot deregister, it will be very difficult.