I think the release from a few weeks ago is referring to today's "news":
In addition, GeoBio is in the process of retaining an experienced PCOAB qualified accounting firm in Seattle to review and audit the SEC filings, which will bring GeoBio current in its 1934 Exchange Act disclosure obligations, and to perform the audits on the two target acquisitions. The firm is expected to be retained next week.
and especially if Collins is owned by one guy, I can't imagine he's been keeping the company's bookkeeping up to date, and the same with H&M, which is possibly why it's taken so long for the deals to get done? Makes it a little hard to price a company's net value if they have no records!