Pacific Sands Inc (fka PFSD)

[Oxonius]

I think they are now around 4x 10-Qs behind and 1x 10-K so getting fully compliant would be a major and expensive undertaking. Even if they had access to the kind of cash that would be required for the formal filings, they would be much better off investing that directly in the business in any case.

Not being an accountant, I am not aware of what short-circuit options are available to get up to date sufficiently to keep everyone happy; I'm assuming this would mean a downgrade of the trading exchange also. I am assuming that they continue to have access to qualified financial professionals who can chart the best and most cost-efficient course. This needs to happen now as it is truly painful to watch managerial indecision suck us all down into the vortex of failure.