As for the filings, we know they are already delinquent which is not a good sign. Yes they can be placed into the Expert market soon.
Expert Market When a company no longer meets the requirements for the Pink Limited Market, it may enter a 15-day grace period. At the end of the grace period, if appropriate disclosure is not publicly available, it will be moved to the Expert Market where there are no public broker-dealer quotations. Broker-dealer quotations will only resume upon clearance of a new Form 211 with FINRA.
Companies with Unsolicited Quotes only do not receive a grace period and move immediately to the Expert Market.