You are right, this is not the whole story. Let me elaborate on your points.
First - on a positive note, the management team of McBride-Irby, Melton, Daniel, and Daniel appear on the surface to all have a solid business background in the industry which should help support operations of the business. They appear focused for success.
However, regarding the company from an investment standpoint, let's look at a few of the facts:
Regarding Robert Hines, Director of OWOO - from his Company bio, it states: "Mr. Hines is skilled at maximizing profitability and reducing operational expenses while monitoring daily activity". Let's look at his track record at EVSO from October 2009 to May 2011: 1. Hines utilized the Law Offices of Jean-Pierre & Jean-Pierre, LLC to offer opinion letters on the financials of the Company. This was during the time the SEC had that firm under investigation for fraud: http://www.sec.gov/litigation/complaints/2012/comp-pr2012-257.pdf 2. EVSO expenses more than doubled during his tenure with an accumulated deficit starting at $3.2 million and growing to $6.8 million. 3. Outstanding shares exploded from 39.5 million to 191.5 million (pre-1:500 reverse split), a 384% increase 4. Share price fell a staggering 99% from $300/share (post split adjusted) down to $4 immediately following the SEC suspension. The stock is currently at about $0.02. 5. Hines shifted majority control of the company over to Blue Bayou Ventures - an offshore Panamanian account he set up with the late John "JT" Thomas Cloud, and believed to be in conjunction with Kathleen Delaney (relation to OWOO Director Wilma Delaney?), and Eddie Austin Jr (Carolyn Austin's husband).
EVSO was in fact NOT suspended due to not having current information on file with the SEC. As one can see here: http://www.otcmarkets.com/stock/EVSO/filings , they had just filed their most recent quarterly report on June 3, 2011 - 4 days prior to the suspension by the SEC. In fact the SEC was quite clear on the reasons for the suspension citing "Microcap Stock Fraud" on 17 companies that included EVSO, and other companies (GSLO, EHSI) associated with Carolyn Austin's husband, Eddie Austin: http://www.sec.gov/news/press/2011/2011-120.htm
EVSO, under the direction of Robert Hines, put out a number of false and misleading press releases touting the prospects of the company - as an example, the company reported falsely in February 2010 that it had inked a $30 million order for solar wafers that it expected to "fill within the coming year". However a quick review of their financials shows zero sales associated with this alleged deal.
Regarding Carolyn Austin, she is in fact not a principle, affiliate, or majority shareholder of the company. It would appear that she has approximately 17% (750,000 shares) of the 4.2 million shares previously issued for being offered for resale as part of a sweetheart convertible debenture ($0.04/share and 14% interest). Must be nice to have that kind of ATM at your disposal....
Bottom line here folks, is that the apparent well intended CEO and Management of OWOO have associated themselves with a group of unsavory characters which they need to keep a close eye on. From an investment standpoint, I will be watching the inevitable issuance of more toxic convertible debt, and the inevitable switch in control of the company which will likely result in the price cratering after the "pump" is initiated. Just my 2 cents...