To me the most telling thing is that they are spending $150,000 on correcting all the back audits. I seriously doubt that they would spend more than the revenue of the company to do so.
As such, if the companies revenue was ONLY $150,000, with a reasonable P/E of 10, it would valuate the company at $1.5 million, for a P/S of just over .02.
Though I doubt that they would get it all updated as such if the revenue was even just equal. Either that, or their projected figures would have to be pretty stellar.
Either way, it means that the company is severely undervalued, and will attain a reasonable P/S once their information is available to the public.
Finally, as one swim show brought the share price up to .02 last year, I can imagine that several will have a similar impact, but increased.