Itronics Inc (ITRO)

[saildone]

Chipaway,
I for one agree with all of your points. Itronics waited too long to try and amend their non-reporting ways and now they and consequently the shareholders have to pay the piper.

It sucks.

But my main focus was on the condition of the company which is plugging along.

My second focus was on what is going to be the impact on the shares. I think that there will be some dilution which thing I hate.

Now that we are in this situation it is going to be very expensive to have the auditors go all the way back and review everything. You can bet that the report to the SEC is going to be heavily scrutinized and the auditing company will have to be very, very thorough. This is going to take time and it did not have to be that way.