Like everything else, we have no clue what's happening behind the scenes right now. In the March SHL, Steve states:

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We negotiated Delaware debt down and paid it off, leaving us available to move the company to Colorado which is also in the works.

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In February's SHL:

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In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria is met. The shares can never be converted to common but I want them off the books.

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Putting 2 & 2 together, I would venture to guess the powers that be are working to make it happen.