From what I found last night, I am leaning toward internal conflict/error at this point. I actually like what I found, in that it may not be company-wide intentional fraud. That would leave the corp entity in much better standing with any potential SEC issues. And the filed form 15 was a very pro-active move. We can pick up the pieces, regroup, and move fwd. Lynn's email seemed very appropriate, and well thought out.
IMO, the last think we want is a food fight via dueling PR's.
And we should not go nuts if we do not get every last detail. Per Lynn's email, "making sure we make the right decisions so that it is in everyones best interest". I do not think we want the company, or public discussion to become overly immersed in a witch hunt for justice.
I would prefer we get only a general summary of the cause, and instead focus PR details on the specific existing corporate issues, their remedies, and move fwd with a detailed action plan, and a revised vision for future growth.
Now that the USSE deal is dead, step one should be to lower the authorized share totals, and re-build investor confidence that we are back to a low share structure. Even if it needs to be raised again, in the future, for a different merger. Lower it now to rebuild price support at higher levels.
I have been self employed for most of my life, with many businesses in many diverse industries. I know what it is like to walk into the office one calm morning and have the world go upside down. I would take some time to adjust, then you say, okay, this is where we are at, where do we go from here.
Life in the pennies.
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