You mean like the new claim, that they cant file 2014 reports because of a board member change in 2015?
Board members come and go in public companies all of the time and i never see it prevent them from filing... These guys have endless excuses.
I bet the real reason why they cant meet their due date (again )is because...
a) They need to raise money: Penny stock auditors/accountants usually like their $$$ paid in full before they sign off and I doubt GHDC has much money. There have been no financing deals announced... and nothing is cheap for a public company.
Look for another round of dilution soon, most likely followed by a dip in the stock, for obvious reasons.
b) Maybe they cant file because the books are just too darn dirty for the new auditor to put his name on, thanks to the Quilliams handling of things... This is the big fear when a small company switches auditors. A new auditor sees things differently.
If one or both of these scenarios are true, no way would they tell us, right? We never get the straight facts, always spin... hence the new claim about not being able to file 2014 reports due to a board member change.
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