That's correct. Also, just releasing the news that they have submitted the attorney's letter is going to make the stock pop. People aren't going to have to wait and actually see the icon change before the volume picks up big time, which will make the pps go up.
I have never heard of a stock that had the attorney's letter rejected. It's basically a formality, but it is a very necessary formality.
Then, once the icon actually does change, that should be good for a further pop in the price. So the entire event is going to be good for the stock, and will get us the HELL OUT OF THIS PRICE RANGE!!! Hopefully, for good!!!!!!