I think they have been resolved, they must have been doing that to get their ducks in a row for NASDAQ. Also I believe they brought this guy aboard to get things moving:
Mr. Alan Yang, Chairman and Chief Executive Officer of ACL Semiconductors, commented "We are extremely pleased to add Dr. Chu as an independent director to our board of directors. Joseph brings over 25 years of experience to our company and we feel that his industry insight and background will help us execute our long term strategies. We are in the process of applying for a transfer of our listing from the OTC to NASDAQ, and the addition of Dr. Chu to the board of directors will help us establish a board of directors comprised of a majority of independent directors and strengthen our corporate governance."
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