Redwood Scientific Technologies Inc (RSCI)

[gnosis]

call me crazy, but i dont think it is so far fetched to think a company considering purchasing 100 or so units of equipment at over 10k per unit,, so like a million dollar purchase, would be more inclined to make the purchase if the seller were in compliance with SEC requirements rather than out of compliance. i might wonder about warantee support from a company that could not file its financials.

but as i said, that is not the only reason to get current. lots of companies are current. why does anyone report finacials? GDGI has the same reasons to report - transparency and compliance. i find it strange that people question why a company would file its required annual report.

again, i think the general rule with required financial reporting is that if you can afford to file you do. if you cannot you do not.

so maybe they filed in march because they could afford to, and maybe they have not filed subsequently because they could not afford to.

that seems like a simple and plausible explanation.