"You don't get the director of the SEC to cooperate with a penny stock just for the heck of it."

This is one of the most significant pieces of information we have. There are a lot of unknowns about this company right now, but it is a fact that they were facing the greys, and that the SEC agreed to work with them. As Bumbercars said, the SEC would not waste time preventing a sub-penny - that has multiple delinquent filings - from going to the greys unless they saw a very compelling case. I'm very intrigued by the underlying facts that gave rise to their decision. This also gives me a lot of optimism for their return to trading.