I wouldn't be sure. Clearly the company has been belt tightening during this frustrating time.
They have stayed up to date on their filings, and from what I can gather from the filings and updates, the company is not too pleased.
It has been an agonizing two years for investors and I think the company. It has been exacerbated by the accounting and old/new auditor fiasco... which led to the Cease Trade Order.
Since then the company has had all their previous financials re-audited and refiled by their new accounting firm. They have filled their annual 10-K and their most 10-Q.
Also on the encouraging side of things, the company's share structure and outstanding shares have stayed virtually the same. They have a crap load of assets that one would think have both intrinsic (bookable value) and even more potential enterprise value (to become revenue producing).
All to say, I don't think the company is in as bad of shape as some have suggested. Is fact, to the contrary, I don't think we've seen anything yet.
Watch for opportunities with those you trust.
