The only two failures of the company are communication to their shareholders and filing of documents through EDGAR which would be the right thing to do IMO. To keep shareholders on the edge of their seats wondering if they are going to lose everything without ANY updates and the reason for things at this point in time JUST IS NOT RIGHT. If they do not need to file at this point in time due to their unique circumstances and there is no need to worry about the expert market that would also be good to know. (But that hasn't been done by the company either). They could still come through at the last second but in my experience that seldom happens.
The new CEO (if the reverse merger is still in effect and not dissolved) is not gaining positive notoriety by his actions or lack of actions.
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