Any one see the article on Berlind NH. Nice article about Berlin and all their problems. No mention of Laidlaw, just that a BioMass Plant has been proposed to replace the paper mill. This article was in todays business section of the San Diego North Times. Google , David Crary, Berlin NH.
Now that Laidlaw has declared the company's financial
state of affairs with Berlin and Cate there should be no further impediment to CEO Bartoszek cleaning up the Securities state of affairs with the SEC.
It should be no impediment per generating a 10Q or pre-announcing intent to do so by the end of October. It's as you put it a statement of intent. Intent to uplist or not.
The next and key question on Berlin is how much of the $2.5M-$5M is still cash on the books, including legal, and accounting fees induced by the SEC? My working assumption is one would see on a 10Q most of that revenue appearing on the SG&A line as managerial compensation (i.e. unlikely they are working for nothing), and no cash on the books. No accrued value ever likely to be added to the common stock. The transparency a 10Q would provide is IMO the reason the Bart gang will never issue one. It's far easier to have Mr Ed generate Emails of: "We're working on uplisting".
If Cate wins and I believe they will, with the resulting revenue over 5 yrs closer to $2.5M rather than $5M, then will the Bart gang start to believe, it's just not worth it? Dissolve the company, and go private, where they are obligated to pay the preferred stock holders (or themselves) any assets (New Bedford). Or maybe just fold completely, and try some other career? Divide $2.5M by maybe 6(?) gang members, over 5 years. The annual salary is small.
Shareholders deserve some gall-darn respect. ... what do you want them to say? ... and would it matter what they say? doubt it... never seen it matter what they say in this situation... never... yes... never...