It would be much much cheaper for Newbauer to pay for a clean OTC-BB shell (there isn't a ghost's chance in Hell that Mike the Pike would qualify for a listed exchange) than it would be to audit MIKP's books.
Newbauer could conceivably RM into a reporting OTC-BB shell, and leave all the MIKP holders holding worthless shares.
The oily one could then blab to the internets about how old shareholders should grab a piece of the new MIKP pie, because it's goin' to da moon!
=) It won't be suspended much longer and by the time he's ready to uplist, he will have FINRA approval and have met all the steps required to do so.