Flags will be reviewed by the hobbyDB team and then assigned to a user that is a Curator or higher and has domain expertise in the relevant collectible segment. That user will then resolve the issue.
In November 2020 we have started recording stats and here are the Stats as of January 27th -
Resolved Flags 1,113
In Process 190
At the moment we do not yet have automatic tools to inform you if Flags raised by you have been resolved - but this is in the works. For now please be patient with the Volunteer Squad.