It's irrelevant, because he's NOT a member of management anymore. Nothing he says is binding. And like you said, he has only shared this privately with individuals, instead of publicly per the "company".
I believe H.O.G. said that PWC signed off on their audit with contracts overseas.
It'd probably be better for you to quote the complexities of Sarbane-Oxley compliant filings.
The intensity you'd expect of any company desiring to be compliant with those to the nth degree needed when seeking their stated goal of exceeding all requirements of higher exchanges would make sense for these delays.
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