As Mide and others have pointed out, in their opinion private financing is keeping GlobeTel going at this juncture, including the first phase of funding for the TAO/Sanswire deal.
No one would want to pay good money for auditors and getting the financial statements updated, IMO, unless he/she believed that the SEC investigation was over (and that the business had technology with real growth potential).
I find it interesting that this news release follows the SEC filing yesterday, which appears to indicate that the SEC found no violations by anyone except Joe and Luis.
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