Correct . This is the reason why these situations don’t work out. The companies don’t have the money or resources to catch up on 2, 3 ,4 years of financials.
In the case of VIBI, they owe financials starting period ending 6/2019. So almost exactly two years worth. The fiscal year ends 3/31 so they owe 2 yearly (2020,2021) and 6 quarterly filings.
Unless they were already working on them, it’s gonna be tough sledding.
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