To clear the lawsuit issue up. 1. DM is not involved at all. 2. Under the new SEC rules - officers and directors can be help personally accountable for making false representations. I know Higgins and she has a very high ethical standard, does not play games and will only let accurate information be sent out. shareholders can seek recovery from the directors personally. Like someone could possibly sue Phykitt since the re-stated financials made it apparent that he was not being honest.
At this point all we can do is hold our breathe and wait to see what happens. It it going to take them some time to get all the prior mess ups worked out. Hiring an external auditor to audit and review the financials is step in the right direction and shows current management has intent on trying to make everything legit.
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