Did the DD. Found out why they did not need to file an Attorney Letter (See Below) Again, this seems like a big expense for a company with no real value. Why take this extra (and very expensive) step of getting an audit? Especially if all Koos is interested in is money for himself. He could have just pocketed the $100k+ it took for an audit?
"Attorney letters are required for a company to qualify for OTC Pink Current Information if that company does not submit audited financial statements prepared in accordance with U.S. GAAP and audited by a PCAOB qualified auditor."
$RGBP is an SEC audited filer . Think of it as being pre cleared when going through checkpoints at the airport. You don't stand in the long line...right to the front..
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