Radioio Inc (RAIO)

[rasta48]

Well this is probably not the good news everyone was looking for. The SEC has now gone after the most current annual report. I don't think I have seen a pink sheet get this much flack from the SEC before. I have never seen a pink sheet stock have to restate 6 years worth of financials.

So to say that IWDM is not on the SEC radar is delusional.

This has to be a major cash drain on IWDM. We know they have already had to borrow from the board of directors, and paying for all this additional accounting work cannot be good for cash flow.