It takes quite awhile to GET OFF the pinks and I am sure you know that right? I have been in a couple other pinky companies that uplisted and it takes time. Even if they started filing with the SEC this quarter then it wouldn't be until next year. This I know. Guess you know that FINRA requires at least ONE 10KSB Annual Report for uplisting? SARBOX is also a hassle and some companies don't want that pressure. Link below!! ps. Since I believe the company will be sold then it's a MOOT point right??
Because they are not reporting financial information in a timely fashion. You don't have to be 'off the Pinks' to do that...nor does it have to be audited.
Of course, if they sell out it may not matter much?