I know you didn't ask me, but I'd like to give my opinion. I think you are asking “the question” of the day. As far as motive, knowing these guys personally, I don't think they have any ulterior motives, certainly not anything sinister (at least not on their part). I do, however, believe that they may not be getting good advice from some of those they depend on.
From my conversation with them, it seemed to me they have some idea that if they post any announcements, they somehow make the up-listing to the OTC more costly or difficult. I personally have never heard of such a thing, but maybe I'm wrong.
They say they have audited financials up to the 10K for 2008, which means they still have to bring the rest of their financials up to date before they can resume OTC BB listing. From what I know from my own past experience, this can be very costly (maybe as much as $100K or more for all the remaining filings).
Other than what I mentioned before about the possibility (just my opinion) of a “suitor's quite period, I have no good reason for their hesitation to make “public news”, other than the above. Maybe this will change soon, maybe not. In any case, this stock is worth much more than its current price. May we all get to see something positive soon.
Rotary Guy
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