there is really no way the financials are tied to any of this, since financials covers information for June 30th and before.
Nope...you're wrong. Again, the notes to the financials should include all events subsequent to the financial date. This is called a subsequent event, if he plans on filing the financials according to GAAP. So there IS a connection between the financials and this event,if it's true.
That's a fact, and my other accountant/CPA friends out there can back me up on that one.