I spoke with the company regarding shell: There are no shell owners involved in any way shape or form. The CEO, Lopez figured out that the main 2 guys were selling stock and pocketing the money, in fact, the reason the company went dark was because those guys didn't pay the auditor. The company did a proxy vote with the shareholders and vote'd out their designees Kyle Schlosser and the Treasurer Leighann Squires from the board. That effectively meant they could no longer issue themselves stock etc and they then disappeared. Since then the company has tried to make progress from the state they were left. There are only 2 insiders: Lopez and Hall are it. Lopez has never sold a share and either has Hall. The shell guys did a forward split in '09 1-5. The largest shareholders are 4 people who bought stock thru the private placement, and or in the open market. The company knows who these folks are. They get reports from the transfer agent that tells them who is doing what. The company is focused on sales of Sucanon in as many countries as they can get into and afford. Once sales are enough to generate sufficient earnings, the audit is the first thing on the list to get done. They are keenly aware of the effects of being unaudited, but every dollar has to go to production of the product first.
I have to say I might have missed a few points as I was writing and listening, but overall this should clear up some misconceptions out there.