I recall someone on this board had mentioned that an audit would be completed way in advance of the due date. If March is the due date, then that would imply that any day now, ACDU should have completed (or is already completed) an audit.
Also, the audit should be easily done because of the fact that it was mentioned that these were actually shell companies, BUT recently been put into operation, i.e. a closing of a sale transaction, therefore legitimate businesses.
Example No. 1: The sale of Wood for fiscal year 2009. Expect this subsidiary to file a registration statement (?).
Example No. 2: Patent Tool. A legitimate business.
Example No. 3: Correct me if I am wrong, but EU subsidiary has or is in the process of filing of the registration statement. <-- This one I am unsure of.
Example No. 4: Something about a hotel and IPO.
Example No. 5: ??
Etc.
There was also mention of a few deals that have been or in the process that have not been PR'ed. Imply more divies?
I do not have search function or I just do not know how to use it on the IHUB board, so if someone wants to take on the task of putting the above in a more articulate explanation, please feel free to do so.
imo