It's just another Newbauer stall tactic ruse.
Now that he's come to realize that nobody is buying his "plan B" reverse merger BS, a new line of BS must be proffered in order to quell the increasingly disgruntled MIKP holders, in order to stave off a class action lawsuit. Somehow in Newbauer's mind, he thinks shareholders will swallow audited financial statements as the next dangling carrot. Newbauer has claimed, almost since the day he took over MIKP, that he would seek a listing on the OTC-BB, which requires audited financial statements. This is such a common ploy offered by PinkSheet CEO's, along with share buy-back "plans" -- share increases, then decreases and spin-off share dividend "plans" (Newbauer has used them all) that it's cliche.
News flash- There is no shortage of listed companies, and fully reporting OTC companies, that have been investigated by the SEC and shut down. Audited financial statements won't cure shareholders who've been screwed out of their money by false and/or misleading news releases, along with sketchy financial statements from the past. Being audited won't change the manner of BS news releases that flow from Newbauer's fingertip imaginings to eager MIKP stockholder's ears either.
The other tawdry bit of BS is about this apparent withholding of news that must be parsed by the sponsoring market maker. Yes the good news is piling up indeed. If one cares to review the past MIKP news releases, they might well come to the realization that scant little of it ever came to pass, therefore it wasn't "news" just more BS to spread over the collective MIKP mushrooms in order to keep them averaging down. It's quite apparent to me at least, that there really is no news now, because just as with the past (as attested by the lack of revenue) there is very little going on at MIKP other than BS stories to sell shares.
If MIKP stock holders want action out of Newbauer, then a class action lawsuit will ignite the flame of action under his chubby and oily rear end. All Newbauer needs to do is what he's doing now; carrot dangling until it's too late for shareholders to sue.
Very likely that this new plan B is due to this factoid:
If FINRA denies MIKP a pink listing then they will also not allow for a merger.
