GSTP's 10-Q is missing something very important. Nowhere in the 10-Q does it mention the rescission of Rosszoloto, even though it occurred subsequent to the period end. It appears they are now pretending that it never happened, as if they jumped in a time machine and completely wiped it away. They can't do that - they have to discuss it in the 10-Q, especially since I am sure a lot of the expenses in the periods covered are related to the now rescinded company. However, one would never know as they lump all the company's expenses together as SG&A. They also present the common share schedule with the issuance of the shares and subsequent cancellation of the shares but without any explanation thereof.
That 10-Q is embarrassing, and on top of it, they never issued an 8-K regarding the rescission, and the 8-K issued subsequent to the assigned date for the rescission never mentions it. That strongly suggests the supposed date of the rescission was invented after the fact. I hope the SEC takes notice, especially since they disclosed in the 10-K they had ineffective material controls. Not issuing an 8-K demonstrates their material controls are still not effective. I would hope the new auditor would do something about it, but I doubt it.
AI
