My understanding after a discussion with IR is that the issue has to do with the CUSIP number the shell company had. The confusion was caused by the lawyers for the original shell company perhaps registering more than one company and claiming the same CUSIP number. I think the smoke is about which original registered company actually has the right to the CUSIP number that HSXI uses.

My understanding is if the shell/CUSIP number is valid we are clear else we have to find another shell with a CUSIP number.

As stated this still does not stop the day to day business of HSXI. We are prevented from trading until the SEC gives the all clear light.