Quote:1. Person who is substantially responsible for the report (CFO RF) has left the company
Are you proposing he signed an extension at the end of March and then bolted for the door? Got a link, or is this wild speculation?
March 30, 2016
http://www.sec.gov/Archives/edgar/data/142481...tusbio.htm
Quote:2. There are significant accounting issues. The independent auditor AMBS hired (Marcum LLP) may have refused to stand by the report; or they may have resigned all together.
Or they may have been abducted by aliens. I guess anything is possible but I don't have a link to the latter to support my wild speculation. Have you spoken with Marcum to support your wild speculation?
Quote:3. Concerns or probes initiated by SEC
Or concerns initiated by the company. I don't have a link to the latter and you can put it into the wild speculation bucket.
Quote:One thing is for sure , there is tremendous turmoil within the company. Some of the convertible note holders are angling to have a substantial equity in the company. If the result is a clean financing in exchange for equity, that is the best we can hope for. One thing is for sure, GC and the Board have effectively lost control of the company. Based on their performance so far (when it comes to finance), it is hard to argue that they don't deserve it.
That would be two things for sure,total, but who's counting. One thing is for sure, perception is not always reality.
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