According to the shareholder letter sent out recently it states that "Most noteworthy milestones from the last three months can be seen in our stronger financial performance. We have consolidated the balance sheets of all subsidiary companies and plan to be a fully reporting company by the end of this year. Part of the difficulty in combining subsidiary balance sheets has been dealing with previously unknown derivative debt conversions that were draining company resources. We have dealt with these issues individually and have successfully resolved or negotiated more favorable terms that will allow these debt instruments to either be resolved or retired. When we have completed the internal audit and consolidated all balance sheets, we will then undergo a fully compliant SEC audit by a PCAOB (Public Company Accounting Oversight Board) accredited firm."
Just wanted to throw that out for everyone to mull over with the talk of them being a non-reporting company and the talk of OS and float increases. May not look good on the surface to some but that is only until you actually look at what the plans are for the company by becoming a fully reporting company in the near future and what the reasons are for the OS and float increases and in my opinion those reasons and the fact they are working on becoming a fully reporting company do make a difference compared to other companies out there in the same field.
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