Basically what it says is that a company delisted because of unfiled fins can petition for reinstatement. There are some rules-cant be in liquidation for example. If we win a derivative case, the funds roll into the Corp and if they stay there and be used to do the fins and not liquidate, in theory the company could be restored to the market. Billy would have be dealt with, but if he loses the derivative case, new directors would decide the operation of the business. Just thinking out loud on this. Work in process during our enforced vacation.
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