I have been told on the DD board that the SEC does not look to kindly on those who have failed to keep up on financials, EVEN if the respective company is ready to come up to date after the SEC hits them with the hammer.

QMC may have to file a S-1 or Form 10 if the SEC allows them to, rather than submit all filings and get restored. At least this was what I was told is what typically happens to companies in the past.