Pure speculation on my part, but I think the failure to file reports is something brewing that is SEC-related. The company had 3 consecutive notices of late filings last year on their 10-K and 10-Qs, plus they just stopped filing their reports. That had to raise some red flags at the SEC if some weren't raised already. As I've learned the last few days, the SEC is still paying attention to the financials of nanocap stocks.
Correct me if I'm wrong, but don't they have to file Form 15-12G (notice of suspension of duty to file reports) since they were an SEC reporting company? I don't see any filings in the last 5 months on the SEC website. I don't believe they can just stop filing without announcing it.
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