Medicine, and billing is part of my profession...Nobody get investigated for billing randomly in first few yrs of business, unless there is clearly some irregularity...I have said "possible fraud", did not say documented fraud. So, something is wrong.......
Now, about being de-listed. I am not quite sure ( not my expertise ), but as I can recall some form of financial statement must be produced even for pink sheets....Does not have to be audited, and at certain deadlines, but still must be produced.....Sure, requirements are different, if you are going to be listed on OB....On the other hand, if you do not produce any financial statement, then public does not have any evidence what is going on, and stock get suspended from trading on PK board...This could be not correct....
Even if they have "right" to continue trading on PK, who would dare to take any position with stock in financial trouble, and no way to check the books? There are not that many stupid retail investors...Would you buy any other stock under those conditions? Of course, not.....
No investors, no financing, no money for day to day operation for company on cash flow life-support, investigated for billing "irregularities", will bring the last thing: BK...Tilly is right, one should sell, and run for the door, before it is closed...Bob ( Arbo ), and some others, can stay "till the last drop", he got most of his shares "free", did not buy them...
Dragan
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