I am not sure where things stand there. But we left off in where 3rd quarter 2015 was done, and we got an extension for 4th qtr 2015 but never filed annuals. I would assume much of 2015 is far along.
I did find out that a company can contact the SEC and do a multi-year 10K to catch up.
They could thus issue a 15-16-17 10K to catch up, then issue the quarterlies from then on. This process involves asking for, getting permission etc. This can help streamline things. Dan is aware of this process as I mentioned it to him.
I can imagine it would take some time. Estimates of cost are 200-250k.
Most likely we would see the annuals followed up by 10qs for quarters in 2017.
If funding happens I would think a PR would come out saying the restructuring so far and what is being done and the intention to immediately get started catching up on filings and maybe even some kind of timeline once the matter is discussed with counsel and accountants.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
