Can FNLH file those 3 years of financial's?? Highly unlikely because Bob doesn't have "two wooden nickels to rub together" so it's a long shot - but now and again, a longshot does win the race.
And that's part of what I meant by "Bob's background". Ostensibly, the idea of running a public company is to build a successful business and make money for you and your shareholders. As we all know, that rarely happens with penny stocks. Bob hasn't been sick forever, but he has been negligent forever, which suggests he's not going to bother trying to fix things.
As I've said, and as you say, the SEC is really interested in only one thing: the delinquent financials. If the company can offer convincing assurances that they will be completed within a reasonable length of time, then maybe all of you stand a chance. But from a practical standpoint, it doesn't look good.
Who prepared the audits that are said to be ready to go?
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