What's happening with regards to the Russell is totally separate from BDO restating or not being able to restate USAT's financials. You're confusing two totally separate things.
Quite frankly, BDO is just doing math. No matter how good or bad the outcome, they will still make the presentation of the information. BDO isn't going to run away whining. They knew what they were getting into.
The previous auditor and finance people in the C-Suite had issues.
I believe the new audit committee and compliance officer really don't care about what the reports look like. They're just going to put the reports out, good, bad or indifferent. The only thing they have to do is get it right.
Let The Street make of the reports what they will.
Any class action lawsuit will probably result in a settlement.
At that point, The Street will only care about connections and revenues. The past will be water under the bridge.
That's why Institutional Ownership is 66.75%. They just want to get to the other side. They know USAT is offering what the marketplace needs and wants, and they are doing it at the right time.
Do I care about the executive morals that seem to have screwed up the financial reporting? I sure do, but I really only care about what's in front of USAT's opportunity in the marketplace; not what's been left in the dust.
I have a very low cost per share from over 5 years ago, when institutional ownership was in single digits.
I think USAT has the right auditor at the right time and everyone will get excited about USAT again, once the restated financials are filed.