My opinion is that I don't believe they are working on audited financials at this time. I believe that they are trying to get their past financials completed and in order so that they can be in a position to begin auditing financials in the future.
You can't audit your current financials until you know that your old financials are in order. My opinion is that they would need to have legitimate asset, liability, and equity numbers in place before anyone will audit a current financial statement.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.