brikk, I agree, BUT, this is something you do BEFORE (or during) the r/m. You want to start clean and lean. This is par-for-the-course for any r/m. Take a look at Keating, they specialize in shells and reverse mergers, and they always bring the financials up-to-date BEFORE the r/m.
Watch Keating, see what they buy, and make money. They just bought FRZR for $600,000. Don't buy it yet, as these things take at least 6 months, but I'm licking my chops to buy FRZR at .08 - .10 at a low. They have their act together and you can be sure the company they fill the shell with will fly.
Look at EXEG, I bought that shell at .54 cents, now at 2.40 and it's not filled yet! Why, because they have a mastermind running the show and nothing to hide.
Good luck!