The majority of companies that were affected by the amended 15c2-11 regulations weren't embroiled in a battle with the SEC. They were thrown off the exchange because they didn't meet the form and intent of the amendments.
FINRA and OTCM do indeed decide who gets to trade. But they aren't dumb. They take into account that DBMM is facing a ruling by the SEC Board which may affect DBMM's future existence.
The OIP is indeed the problem. There's good reason to expect that neither FINRA nor OTCM will take ANY action for or against DBMM until the Board rules.
It is almost a foregone conclusion that the CE will continue to be applied, and the Form 211 will not be approved until the OIP is dealt with.
It's obvious this is the reason for the apparent delay in the approval of the 211.
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