I seems that you and ECHO are realistic and have without doubt seen what this company is like and what it has done for the Shareholders, which is fleeced them from the start.
What will happen next, we don't know. The BOD claim they are 'working hard with the Auditors to complete the Filings'. Perhaps if the real truth were known, the Auditors are not much further forward then they were 2-3 years ago. Thing is, they won't talk to anyone except the CEO as it is private.
In addition, it appears the BoD say they've been 'Working with them' for years, so can you imagine the costs that's involved when the bill finally lands on their desk. My guess is, they will leg it and file a Chapter 11 or just close the show down for good?