dragan,
They are not under investigation for billing fraud. That would be like saying someone who is being audited by the IRS must be being investigated for tax evasion. Medicare periodically sends in private contractors to audit companies they pay to see if there is any sign of fraud. Fraud is so rampant in the industry, they are trying to control it.
Now unfortunately, it does sound like MLTO did not have all of their ducks in a row and does not have complete files with all the necessary documents in each. So, they may have to pay back some money collected or somehow get the doctors to get them the proper paperwork after the fact. That would be a case of poor practices and not fraud. I also believe that the dates of the records they are auditing are from before Mr. Hansen took over.
And as far as delisting goes, you are the one that doesn't get it. The vast majority of pink sheets are non reporting companies. The only time a company becomes reporting is when they plan to apply for a better listing, where you are required to be a reporting company. Again, they were not a reporting company until around the middle of last year when they were talking about apply to the BB.
Actually with the advent of Sarb-ox, and the added costs, there are many companies that are going back to the pinks so that they don't have to file.
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