Did you see the report filed with the SEC yesterday? I did yesterday after the close. It was some sort of financial report completed by the audit company based on "incomplete data provided by the company." It was hardly an audited statement, but it showed revenue for the past 12 months (about $94k) and all of their expenses. They listed assets at around $2+ million and only a few hundred thousand in liabilities, so their assets minus liabilities was OVER $2 million! LOL Obviously, much of that was stuff (equipment, etc) but in all honesty it didn't really look that bad for a company with a market cap of around $200k. I've seen much worse in pennyland.
So here's the big question... why did they bother to file that report with the SEC?? It seems pretty clear to me that it is the reason for the SEC revoking their stock (the timing is just too coincidental), but why? The SEC must have looked at it and just decided that this company is a total POS and killed it. I know this is a pipedream, but if that report had ANY validity at all there's a one in a million chance that Chip will fight to get it re-instated. I'm not holding my breath.
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