Lots of possibilities here...
Not all Doom and Gloom.
My thoughts are in the restricted shares and not so much in the float. Seems to me, they have assigned the shares to the partners in the anticipated initial S-1 filing for roll-out. As part of the filing the attorney letter was required.... then problems.
We await the resolution with said attorney, and if none can be resolved, a new attorney is selected, review of documents occurs by that potential team member, and if accepted, corporate resolutions are generated by cMoney's BOD. Then the S-1 document can be modified, finalized and filed.
The S-1 filing would indicate the value of the shares based on its structure and assignment of shares to the partners.
We may be pleasantly surprised.
This does take time, of course.
Management is not speaking yet, as all parties need to agree and documents need to be executed prior to informing all shareholders through proper disclosures.
SEC could file for a hearing, but as of yet there is no indication of that. They may have begun to understand what it is cMoney is attempting to achieve and how.
Going private is dependent upon what negotiations are occuring between legal/company and SEC. It is just another option.
All my opinion of course and may not be company's intentions.
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