MRCR update: very cheap and possibly becoming less dark

Quick update on Moro.  I first wrote about MRCR 5 months ago.  They are dark and cheap with an old CEO.  The value will be realized some day, question is when

HEMA is still cheap

It's now been about 10 months since my initial post on Hemacare (HEMA) so let's take a look at where we stand.  The company went dark to transform their business outside the public eye from a money losing blood bank into a growing bio research cell product supply company.  I thought (and still think) their plan is to file again with the SEC once they fully transition and show a couple years of good results.  My original investment was based on two main points.

The SEC allows companies to go dark

There is a rule, Rule 12g, from the SEC which allows companies to deregister if they have less than 300 shareholders "of record".  A good background explanation can be found here.  If you invest in the microcap space this issue should concern you.  If you stay here long enough one of your companies will go dark and the stock price will tank and the company will tell you to go pound sand when you ask for a report...

Here is the SEC rule.  Rule 12g-4 allows a company to deregister if it has less than a certain number of shareholders.  That number is 1200 for a bank or 300 for other companies.