No, the company is in delinquent status because George hasn't turned in financials to the audit company. He is holding the process up, regardless of what the company says. This was confirmed months ago.
My guess is he's delayed it (and will continue to delay it) because the numbers are far lower than he led people to believe in PRs (when he was trying to pump the company's share price up, diluting shares, and then paying himself a grand income) and, legally, he doesn't want to open the door to fraud and manipulation charges (of which he is guilty if the numbers don't show an increase in revenues).
Not paying invoices is a personal thing, shouldn't have brought that to the board. Obviously the company is in financial distress and George is hiding it. We all gave him the benefit of the doubt years ago but he's proven that he doesn't deserve it at this point. He is beyond unethical -- he is criminal -- but justice will find him. :)
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