The share price DOES have something to do with the SEC filings!! The lack of the now grossly overdue 10k has further knocked investor confidence. Also the contents of the previous filings, once people start to read and understand them.
The share price is based on the notional value of the company, as perceived by the market. It isn't based solely on the companies financial position, if it was it would currently be a negative figure!
The only thing holding it up at the moment is a rapidly waning belief that something can be resurrected from the remaining assets that will bring investor returns. Milling a few tons of animal feed won't even cover the running costs of the mill.
The biggest problem is going to be raising capital, which most people are finally getting to grips with in their minds. To do it requires another massive dilution, which at the current price, bearing in mind that it would need to be seriously discounted, would bring in less money than the company lost in the period covered by the last 10k filing.
Ergo it is very unlikely that at this stage anybody would be foolish enough to put in another $ million so there is no place to go.
I can't see a financial calculation from the BOD at any stage of how the costs of running the company are to be outweighed by the profits. There are vague suggestions of what the "assets" might hold resource wise but that is useless without the FULL picture on TRUE production costs and other expenses.
Why do you think that from a dormant position media wise the directors are suddenly flapping about trying to inform everybody of the situation and arrange a shareholder meeting?
If you let them raise yet more money in a vain hope that they will be able to make any progress and eventual profit you should INSIST at the meeting that they present a fully calculated business plan on how they are going to make it all pan out.
If you want to buy these lovely guys something for Christmas put soap on a rope high on your list!!
