A CPA would probably charge Saleen well over $200,000 to re-construct Financial Statements going back well over a year.Saleen would then need to find another CPA Firm to audit the financial statements going back over a year and file at least 5 delinquent 10Q's, 1 10-K and at least five or more 8K's that are all delinquent. For a publicly traded super high risk client like Saleen they would probably charge another $200,000. In my opinion.
I doubt Saleen would ever be able to pay the estimated $400,000+ to bring their financials up-to-date with the SEC & shareholders. They also may have to pay late filing fees & penalties to the SEC & to FINRA. In my opinion.
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