Embarr Downs, Inc. (EMBR)

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Reverse mergers are to be treated as a business combination, and audited. Since Joseph Wade Mezey, Esq. had an issue with the same horse in 2006, EMBR is still a shell, the SEC already opined on it. This audit in a business combination with a shell corporation does not even provide for a 71 days, it was required to be published on Form 8K with audited financials within 4 days from the transaction.

Also, they need to account for what exemption was used for tax purposes on the stock swap, this has IRC and SEC implications.

This is a huge problem now.