What records was the TA going to update? How do you undo (update) a gagged TA?
What OTC update after the updated (gagged TA)? Certainly quarterlies can be submitted for all of this year without that?. What kind of joke is this?
Couldn't Daniel Sobolewski have explained this a little clearer in layman terms rather than in generalities that could take on so many different meanings.
The only thing I can come up with is that SBES doesn't want to put out any money on filings until the TA finishes their thing. Hope we do not crash before that happens. The TA and OTC if they are separate entities should communicate with each already. A couple oif clicks of the mouse should rectify whatever is screwed up.
Certainly SBES could be assertive and get on the phone and ask the TA what the hell is going on and then get back to their shareholders.
I am starting to think that SBES is on their own goal line on 4th down.