AKthisistheone, if PP guys are funding this every week (lol); then this must be for real.
In the most recent 10Q, Baltia said they sold some shares to raise capital. They are not hiding about that.
Lemme think....$12K..another mini (absolutely if they need it) or Audited financial statements..... I'd spend my resources on another mini and not on Audited Financial statements in Sept. 2015 for a 10K filed for 2014.
May as well just Audit a recent 10Q; they successfully completed the mini..they had too or they wouldn't spend precious financial resources on auditing last year's financial statements almost a year later.
It is deductive reasoning combined with cash flow management and necessities.