I didn't read the 8K carefully. But, the company doesn't have cash reserves or revenue to support themselves. That alone would trigger a "substantial doubt about going concern" statement. Any auditing firm knows that no company can borrow endlessly by issuing stock, like REDG has been doing. At some point people will stop buying shares, and no one/company will loan money to REDG. This doesn't mean the company will fail soon after that statement is made. It is issued as a warning.
As for the auditors, I suspect that all the amended SEC filings caused the firm to back away from REDG. The auditors should have raised the same questions that the SEC did to make REDG go back and amend their filings. I get the feeling that the auditor REDG was using was just rubber stamping the filings without fact checking. And the SEC has been watching penny stocks more closely.
And as a side note. I'm glad you guys are finally reading the SEC reports. It's a big difference from last year. I also don't agree with a lot of the conclusions people are making, but I'm glad to see that they are trying to reason through things.
I don't think Markiplier works for Disney. His show is just carried by the company that Disney bought. I don't think Disney has any say in his business dealings.
