I don't think the SEC is a problem at this time. It has been going on to long and no negative information to date. I have read that the SEC may just slowly go away. They have caused a drop in this stock and may end up with egg on their face. Many positive views on the future of ELN and a buyout would be at a give away price at this time. I don't think the insiders would sell it cheap and perhaps take it private at this low price.
I don't know how often the SEC has leaks and if they release any information to the company first before making it public. But I do know that if they can't find something wrong they want to go away as quiet as possible. Let's face it they can always find something wrong if they want to regardless of how minor it may be.