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ACTC cannot do anything before filing their 2008 10K and 2009 10Q. Once those are filed they can submit the form 211 which states they meet the SEC requirements of the 15c211 Rule. This filing only needs to be sent to the OTC compliance unit and FINRA. Getting the (2) filings done and filed are 99% of going back to the BB. The 211 form is easy once the filings are done and should not take long to make the move.
"The basic idea behind designing Rule 15c211 was to provide fully reporting public companies an easy way to have their securities quoted on the National Association of Securities Dealers' Over-the-Counter Bulletin Board (NASD OTC/BB). A company intending to obtain a quotation for its securities has only to file in some simple disclosures through form 15c211, commonly known as form 211, with NASD, and once approved, it will be able to trade its stock on the OTC/BB."
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