IMO the SEC has to tell the short, sorry buddy, you screwed up, fix it, and the co can't issue shares to fix it...
I think that's how they should see it, but who knows? I do believe that Joe Cella, the guy Matrix talked to, was pretty shocked to hear about the new a/s, and wasn't happy that the company had backdated the document.
Doesn't show good faith, now does it?