Right now being on the OTC Pink exchange Ferris isn't even obligated to provide any financial info let alone audited info, so all your rhetoric is sort of beside the point. Even if it were, Ferris is careful to qualify his language, for example, stating at the end of the last quarter per the filing issued 3/11/11 that there was no "pending" restructuring of the share price
Besides if this company has no director's insurance, no attorney's office will take on a Class Action lawsuit on a contingency , because there will be no assurances of ever being paid no matter what the currently unaudited reports state. What share holders here will pay legal fees on an hourly basis, to win judgment and then not necessarily be able to collect? What kind of glue are you stiffing?
Btw you did look at those reports didn't you? Since if you did you'd realize, as is the case with most start-ups, that a large portion of the assets that put this company in the black are generated from intellectual property and not actual sales.