I keep seeing this point popping up about saving money to put towards improving the company's verticals and using it to add value. But if Q4 and Q1 2012 were going so hot, as we were lead to believe, then saving a little money on the audit (purportedly $350k) shouldn't really be something that IFSL is too concerned about. If they were making millions in revenue and several million in profit, I would have to disagree that $350k is an amount of money worth saving when you consider the time and effort to get IFSL uplisted and to provide other SEC financial reports up to this point. Not to mention, I think that it would have helped its loyal investors by way of confidence in their investment and possibly profit by having the good word/work of IFSL being spread with data/proof that backs it up.
If IFSL is doing its best for the long term picture of the company and its shareholders, then it would be real swell to have that information or plan brought to our attention. This latest move can be seen as nothing more than pulling the carpet out from beneath us. To think we should be understanding and patient is an outrage as of right now, given the expectations (that IFSL themselves tee'd up) set for us in PR's.
I believe that the rationale of saving $350k is better for the company in the long is a total load of "something". I think they need to be more honest and forthright about WHAT HAPPENED and where they are going.
imo.
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