I spoke to Alan last week and asked about the filings, specifically why they had decided to wait until after the acquisition to get the past-due filings updated. (Originally I believe they said they would be releasing them as they were completed, regardless of acquisition timing.)
Response I received was 2-fold. One he mentioned the 'valuation' issues that numerous others here have heard about as well. Second he said that resources were focused on getting the acquisition complete.
I'm guessing that they received MANY similar questions/complaints and have decided to devote extra effort to getting those past-due filings complete ASAP. It will certainly improve their company image to be current & reporting, even if the acquisition is still being finalized. Would also help them be available to trade on more platforms.
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