You know Bobby, I don't think these guys are scam artists at all. If they were then all the pinksheets.com or pennystocks.com or whatever website you want to look at would have updated info. The scammers want the stock price to go up quickly so they can sell and move on to their next conquest.
No, my opinion here is that these guys are seriously honest and legit. Somebody sold these poor guys a bill of goods and I strongly suspect they have been regretting it ever since. They clearly had absolutely no idea what they were getting into. Their "audit" problem I doubt is with their records but rather the nonexistent records of the shell they bought. At least this is my guess. With no records the auditors will have to go as far back as they can to try to find some real records and then bring then up to date. An audit nightmare which no doubt is costing the company a lot of money.
So, naive yes, scammers no is my opinion.
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