The fact that there was no business means they just need to cross some t's and dot some i's. Now, of course I agree with you about the time. ALL of this should have been done by December. A reputable firm, working diligently would have gotten it done a lot earlier.
But don't forget; this is a penny stock and there are two 'brothers' typically associated with these stocks. Their names are: Incompetence and Fraud.
In the case of ICNB, it's Incompetence. But that is why we pay such cheap prices now. Look, if the auditor and company were on the ball it would have been done by November last year, and this would be a .50 stock by now.
What does Incompetence survive on? Typically, a lack of money. Ergo, the reason why this is moving so slow is probably due to a lack of funds to help 'motivate' the complete of the filings.
That being said when it is all done, this will be very undervalued. Even at .10
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