I don't have your faith, I think if he don't have to submit audited then he won't, However I hope he does. We need some way of knowing whats going on even if its once a year with audited filings.
As for Katx acquiring another property soon, It still could go either way and just remain a shell. Why keep KATX at all??
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Should be audited...Ken doesn't have to, but I trust him as his record for completing audited annuals is perfect.
BTW, watch katx get another property very soon.