I had always considered BEDA a non-reporting company (as you are indicating) but was corrected by investors here based on the registration statement of the company.
The reason BEDA was on Reg SHO several months back was because it was being evaluated as a reporting company (Section 12 Registration; 0.5% of Shares Outstanding in an FTD) and not as a non-reporting company ($50,000 in aggregate FTD). The error by regulators in their calculation was that the shares issued being used to determin threahold status was stale due to a lack of up to date filings.
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