That is probably the best news I've heard for awhile. When they file their audited 10K for 09, they would only need to file unaudited 10Qs to bring them up to date (10K for 2010 wouldn't be due until, what?, Sept 2010). Re-listing with solid financials for everyone to see would be fantastic.
As far as the rest goes, that was my understanding as well. But, they must have attorneys telling them what they have to do or not do. At least I would think they do.
Rotary Guy