Possible situation, (now don't get me wrong this is a long position)
Last year's audit fees were 124000$.
The CEO, CFO and one of the director owns around 74% of the stocks in the company.
Their goal was to uplist and make the company more valuable so they can finance new operations. That failed.
Now, if I was them, would I :
A) Pay another 124000$ in audit fee to continue this failed venture.
B) Buy the rest of the shares at discount and go private, possibly wait a few years and do an IPO.
All this is assuming they are not a complete fraud, now they would be doing meetings and discussing how to go about this.
