I share your assessment 100% as I have stated in the past.
There are but two options:
Either the licenses do not exist/are not in the name of NDOL, and Malyshev et al were complicit in the fake merger ordeal
or
Malyshev et al bought a bag of goods without performing any serious due diligence whatsoever.
As I have stated many times before, I doubt that someone that has alleged ties to the Kremlin can be so blue eyed as to let a run-of-the-mill Canadian shyster take advantage of him in his own back-yard.
That being said, being down 83.3% of my original investment, I may as well give his group a chance to redeem themselves with the audited financials, but I for one am not holding my breath for either timeliness or completeness of the results.