You are surprised by a "going concern" statement for a company that has seen only losses to date? That's very standard practice actually and I'd be surprised if it were not in there. Given that the auditors cannot judge (and must not judge) the chances of success of future PIPEs or fundraising, a "going concern" should exist for any company with small cash reserves and a history of losses.
The going concern opinion conveys a higher degree of risk. It serves as a warning to readers. It is not to be confused with what is known in the parlance as a clean audit opinion.
And how, pray tell, it is a "stretch" to say that the auditors fully signed off on the financial statements in the 10K? Did they not audit them? Did they find any omissions or errors, or fraud?
Again, the going concern qualification along with the adverse control letter is not exactly a clean audit opinion.
And finally, please can your clarify your assertion that "the CEO is in the habit of issuing false statements to the SEC and to shareholders"? TIA
Personal time constraints do not currently permit an answer to this.
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