because they don't want to get rid of the going concern clause. that would attract institutional investors and institutional investors would not let these crooks operate like they do.
There is not an auditor in the country (except maybe Bernie Madoff's guy) who would not include a going concern clause in the audit for a company in the position of PPHM, regardless of the ATM.
Do you honestly believe that any company with no product and no revenues (notwithstanding AVID) faced with ongoing expensive R&D with as yet uncertain results is not going to warrant "going concern" caution?
I don't know what you guys are smoking, but I'd like some...
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