Good catch- it looks like the future path of the company will remain in the hands of current management
I’ve seen custodian cases like this before. A group applies for Custodianship of a seemingly dormant stock and Old management fights it off. The custodian pulls its application with the courts and the company then has a careful understanding that failure to take necessary steps to get compliant and provide even basic otc/sos updates/ requirements could mean that a judge could rule in favor of a custodian group in the future if nothing is done by the company in the meantime. Fear drives the ship. Maybe this is the kick in the a** that the company needed to get moving?
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