The company I work for capitalizes it's own business plans from ongoing profits. No need to incur borrowing costs, though that course has it's own (accounting) advantages. Just saying ...
The company is beyond needing to sell shares to operationalize their business plan. They are cashflow positive and debt free with $300K net profit for the last quarter. The SEC action is for questions related to PRs not financials. If the information posted by a few are correct it is for a PR from 2011. At a minimum the SECs initial review period takes 4-5 months which is prior to the 5/1 start date of the CFO.
What you're describing is why the normal PK company never makes it back from the greys, but this company does not fit that typical mold because it is in a much better financial position and does not need to sell shares.