It is very likely that the new pres knew the status of this company before he accepted the job. He is not a stupid man. Therefore, it is a given that he felt he could take UC forward. The TSX is also likely to want to see this company move forward at least for the benefit of the shareholders, which is why they exist. Thus, the TSX will no doubt facilitate a company that is doing what they can to comply with regs with a new man at the helm.