Actually while I would prefer more news I am content with no news. They are still a small company, they really do not have an IR department full of staffers, nor should they.
My guess is that getting financials signed off on are harder than one thinks going in. If you are a private company who is debt free they probably have never had a full audit. An audit for a public company and a first time audit is nerve racking, and a long and painful experience. It gets easier with time but its not just about providing numbers. Its about showing adeequate controls that most private companies have never thought about. My first two years out of school I was a staff auditor for one of the Big 6, now Big 4 so I am dating myself, and audited large public companies. They all had internal audit staff, tons of stated processes and it was still a grind.
In addition, you have to get the shell's financials up to date. I have no idea how they do that. My guess is that it sucks worse as it wasn't your company. Anybody have any thoughts on how they do that. Its all in the details. The only thing stopping me from buying more is I'm trying my best to not have any one speculative holding (and this is without financials) be more than 3% of my portfolio. Yeah, can I see a $1.00 yep but financial measurement is important for me. I struggle with it but I watched my dad lose his business and my family lose our house when I was a kid as he kept doubling down on a losing position.
