I would think this is a simple negligence and lack duty to perform issue for the SEC that would at least disqualify any director of this company from ever holding a position in any publicly traded company in the future. Not only have they not filed the proper forms to allow them to stop filing financials, but they have not communicated issues of governance (CEO leaving) , major financial demands (financier demanding payments beyond their capability to pay), and selling at least 90% of the companies revenue producing assets without disclosing this. So there are people trading a company that has no revenue nor products of value not staff for all we know and obviously no management. I would like to know, have all the debt demands been satisfied? what is the market value of securities of what is left (net of debt and payables) Are there any products remaining? IS there anything worth buying for 40,000.
