I posted the later version, BECAUSE it was the amended one, to include the latest version. But there is no confusion here. Those audit points were made LONG BEFORE Phase Five existed.
This same report was refiled again when the 10K/A was "amended". You don't take out the other portions, you file the report with whatever amendments were made, when you refile the 10K later. It doesn't mean it wasn't addressed. It doesn't mean that it's updated to 2015 or 2016. You need to read it in the context that it was originally filed in March 2015.
As well as the amended one refiled later. That part was not substantially amended. And again, the 10KA did not include that portion.
I do know how to read financials, and I referenced both, and took the relevant language from the original 10K, to which the relevant report should have referred.
Actually, the Audit firm would have to note them each year if they had not taken steps to address those concerns.
Those types of concerns are a part of any audit process. When companies start-up, they go through similar processes to protect them, so that was a relatively regular part of that process and the audit firm raised the particular issues that ultimately became a weapon in the hands of those who sought to undermine the company's mission and it's share price.
As I said, if I were a shareholder at the time, I'd be seriously exploring suing the publishers of all these reports, starting with Phase Five, but not ending there. I'd make sure that those who published subsequent reports, if they relied upon those reports without doing the necessary diligence, were held liable for multiple torts, securities violations and I'd use every tool possible to get to the persons directing it, including civil RICO.