Yes, a "publicly traded" company isn't allowed to move money back and forth via payments made from another businesses checkbook. Hell, it is even a NO NO in a small business that is private.
My bet is - the new accounting firm also found "IONIC" debt write offs that weren't even eligible to be written off yet. Not sure how they handle convertible debt notes and conversion into shares - but....... I am pretty sure I saw that activity in a 10Q - saw some other IONIC write-offs too.
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