My problem with the company is in them not producing the numbers for at least Q4-2011 for us to gage that business is as usual, just a lousy stock market that would eventually catch up. But the way the previous auditors left, then a new lot were appointed, just for the company to turn around and decide not to be reporting any more, revealed a con-job backed up by yet another meaningless PR after the fact.
The stock price isn't going to recover because there isn't going to be another set of penny stock investors to come, having seen what we are now seeing. These guys have no credibility, and in them not producing Q1-2012 and at the very least Q4-2011 smells of a con-job which perhaps the last auditors were beginning to pick up on:
'HBM has concluded that it would be imprudent to rely any further on the Company's representations.Consequently, HBM is no longer willing to rely on representations from the Company's management and is unwilling to be associated with the Company's financial statements .....HBM hereby withdraws our review reports ...and advises you that these financial statements ' (Q1-Q3 2011) 'should not be relied upon'
