Just some thoughts, on the positive side, the Company has 29 days to satisfy its requirements. And the Company can still complete an audit within that time frame.
What we do not know is if the former auditor has been paid in full and transferred the files to the new auditor. That has to happen legally before the new auditor can sign off on the 10K.
If it has not been done, it needs to be done now as it will be difficult for a new auditor to take over and complete in less than 30 days.
So hope is not lost, there is hope.
What I do not understand is why Gamber did not take a proactive approach and announce this, and how he was going to fix with instead of going dark. I believe the reaction would have been positive instead of negative and we would be at 25 to 30 instead of 17 and 18.
The 8K at this point can be late as we are late anyway, but I do think the SA at the SEC in DC will require the 8K filed prior to the 10K.
His auditor is going to be working 'round the clock on this, but still possible.
Also, the stock will not go to Grey Sheets. It goes to the Pinks with a Stop Sign, but Gamber can file the unaudited statements with OTC Markets using the Alternative Reporting Requirements and be OTC PinkSheet Current. Which is where we were about a year ago anyway.
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