I agree that the substance of these audited financials are about the same as the recent disclosure statement which is good. IMO given the willingness of management to invest in this audit, it is a clear signal that they see SPZI as a going concern with a future. Hopefully, when we get some information on XXIS funding, it will provide clarity around the $1.5 million debt that XXIS owes to SPZI.
Also, I think that it is a typo; but, the audit says that SPZI received only 12 million shares of XXIS instead of 120 million.
The audit is a nice piece of historical information; but IMO what we really need is 2008.1 results and they don't need to be audited. The information is in management's hands and it is time to report it. All my opinions...please do your own DD. GLTA