Thats why the Audit was being done I always thought. They couldn't go forward and do anything until they were current with their financials. Thats what the 8K on August 9, 2010 stated.
On August 3, 2010, the registrant received a letter from the Securities and Exchange Commission (“SEC”) dated July 27, 2010 regarding the registrant’s reporting requirements under Section 13(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). The letter states that if the registrant is not in compliance with its reporting requirements, it should file all required reports within fifteen days from the date of the letter or it may be subject to an administrative proceeding to revoke its registration under the Exchange Act. The registrant will not be able to meet the requirements set forth in the letter. The registrant may also be subject to a trading suspension by the SEC pursuant to Section 12(k) of the Exchange Act.
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