That is true, I did make previous authoritative statements that supported the company's intentions.
Consider this, would there be any reason for the company to wait 6 months to eventually provide the 10-k? Absolutely not - it only hurt them real badly, from a shareholder point but even more from an operational point of being able to conduct business and raise funding required to run the business. Further to then actually file at a huge cost (I couldn't find it to be explicitly stated in the 10-K) when they could just give up tells us that they want to be successful. So at no point was it their intention all along to delay, it took them by surprise, and I was only following what they were saying (to the point where they were saying it publicly (see last 8-k for 8/3 where their accountants told them 8/15) but then beyond that time).
In the same way, their intention has never been to do a Reverse Split, and in fact they have not done so. I thought that at one point they stated that publicly but we would need to check that. If not, then I am stating it. Could that change, anything is possible, but as I stated, what purpose would that serve to do that at this point in time (later that would be on the table).
Similarly they could have diluted shares during these past 6 months, but they did not, and it is not their intention and are even in a lawsuit about it as indicated in the 10-K. Is there a reason that they would do so, well yes they owe money and/or they could take further toxic loans, but that is not their intention or they would have done so by now. If they are absolutely forced to do so, maybe they would, but the fact that they have not is "shareholder friendly" in the longer time frame (while the lack of communication in the shorter time frame was clearly not to our dismay :{
I stand by what I have said. When the company starts communicating again, which as I said will be very very soon, let's see what they have to say and we can make further judgements. While I would not dare predict when we see the first 8-Q, I would certainly not predict anything like we just went through or I would be inclined to declare game over.
