Correct. The Big Concern.... the only reason ALKM Shareholders even have that Antiquated OS, is because those forms needed to be filed. Kaufman and Eakle could update O/S, and are making the Choice not to, as O/S appears to be much higher. ALKM CEO in Breach of his Fiduciary duty to Shareholders. As a CEO, this is disgraceful, as many loyal ALKM shareholders have been Drastically DILUTED.
The fiduciary duty of disclosure mandates that a CEO fully inform both the board of directors and the shareholders about the major issues facing the business.
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