I initially thought the same thing (about the time it would take to audit). But, here's the thing; Qs are typically never audited because they aren't required to be audited. The Ks are required to be audited, but there are multiple items to consider.
1. There are discrepancies in the financials. Granted, they are easy to spot, but those discrepancies need to be accounted for.
2. The auditors need to go back 4 years. Ed hinted that it could take a month or two for each year's audit.
3. The last Q prior to the company going dark, details a lawsuit that was won by MYEC that concerns the patent. So, if the company is trying to determine a valuation of the IP for the sake of uplisting then that will need to be taken into account and, in my opinion, would take a little more time to sift through the details.
4. And, I'm sure it would be hard to provide a valuation on the software prior to its launch.
I was one of the investors on this board who had high hopes for the audits to have been completed by March 31st, but after digging into the details and doing a little more homework on the subject, it just wasn't realistic.
I'm more excited to see the app launch in the next few weeks than I am for the audits. It will be easier for all of us investors to start establishing a true valuation of the app once we can see it and use it. Also, I expect MYEC to announce several more HIGH profile partnerships in that timeframe as well.
$MYEC