I guess the near future will tell us much. If the reports of the MM being the same one he has for TRI*, and reports of the audit being done on Kma, then it would appear that things have been worked on heavily during our "down" time and "silent" time as many like to say.
It would also appear this is no easy feat. Going off of the pr issued at the time of the release, the audits and form 10 have been the plan all along.
The unknown to anyone is the time frame involved. But the determination of our CEO has been known all along. Just a matter of execution and working with Finra to answer all questions to everyone's satisfaction.