You are right on the money as always Level. If there are NO plans to do anything with the company right now, WHY would they spend all that time and effort (and MONEY) to post 3-years worth of filings and become current again. WHY have we seen some of the 8K's we have seen in the last 2 years aluding to some sort of change going on. Like you said, it would be much easier for them to go dark and just stay delinquent as they had been for years before that.
We are also only 2 months away from June 2012...when the 1-year count-down will begin for GFME to reach a $20-million dollar market-cap. Seymour Holtzman does not seem like the type of guy to relinquish $1-million dollars in preferred shares that easily, considering that at .40, the company only has about a $2-million dollar market cap to begin with. WHY would he make that agreement unless he had pretty good faith that the company would be worth alot more by then (ie, a "safe" bet for him).
It really surprised me that they did not file that 10K on time. I did not expect that at all. BUT..I also think there must be a reason for it. And I'm hoping...its a good one.
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