The old auditors went out of business (or closed on their own, i dont know) so they didnt have a choice.
I am told a timeframe of when audit could be filed (reasonable IMO) but as I mentioned after 10/1 I would not dare mention a date for my own sake (reputation if I even have one anymore).
As far as why they havent been communicating, I understand why, it's what i thought for a while now, and I personally don't agree with it, but then again I am not an expert in this penny market space, but that's the advice they have been given from their advisors. It's not necessarily meaning anything bad per-say with regards to the business, but it's just the advice that's been given them. Personally I wouldn't do it that way and I know a lot of you all out there would not, since in fact we are the shareholders seeking knowledge, but we're not the decision makers and not the ones responsible for the well being of the company. As we've seen they have lost shareholders as a result.
Please don't shoot the messenger, but that's what it is.
Hang tight if you can.
