Just ask Arthur Anderson if they signed off on the audit report before looking for items not on the balance sheet?

That is why "Now if the auditors can't verify the information given to them by the CEO, the auditors will not sign off on the audit".

And what happen to Jeffrey Skilling and .Arthur Anderson firm for filing false documents and than trying to cover it up?

Problem with this statement

"I believe the auditors could have completed their field work months ago "

We are talking about financials due years ago not just months.

Now I went though the filings of 2019 10K and 10Q and I found nothing in them that would have caused the company to be unable to file in February, you?

IMHO there are 4 reasons why the filings might have been delayed

- money to pay auditors

- auditors unable to verify information provided to them

- unable to verify share structures

- unable to obtain audited financial documents from India, or QMVT or Innova or Pasaca Capital

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From one of my other small pink sheet stocks, this is what a CEO is supposed to do if they are late in filing reports

"Our 10K for 2020 will be a few weeks late due to the exhaustive verifications and due diligence by our Auditor verifying shares and noteholders balances. XXXX Management decided to be late and accurate, then on time and have errors. The inappropriate issue of shares put a strain on our Auditor to make sure our Shareholders are properly informed. "

Here we are left speculating.