RJ,
Agreed. No need to spend precious dollars on an audit or quarterly reviews at this point. The cost is prohibitive. However Brian has a CPA on staff. They could certainly issue unaudited financial statements. How about this instead? Forget the financials; Brian could simply provide a management update to the shareholders.
"Shareholders: Thank you for your loyalty to FASC during the past three years. The death of Cal and deteriorated economic conditions have certainly created substantial impediments to the growth and success of FASC. Nevertheless, despite our outward appearance, FASC continues to make significant inroads into positioning the KDS as a central component in larger waste to income conversion process systems. [discuss examples of the integration of the KDS; discuss growth and potential of future markets, etc.] The Company has garnered and solidified many key business relationships and is poised to make a substantial leap once the clouds of global economic uncertainly begin to clear. It is my expection and intention that plans and details will be revealed in the near future outlining my lofty goals and expectations for FASC. As CEO of FASC, I am confident that FASC is not only going to survive, but will thrive and prosper and deliver much deserved share value to our long suffering shareholders."
