I believe that if a company is acquiring more than 20% of another company than audited financial statements are required. Requirements are more stringent as % ownership interest increases ( number of years look back). More importantly, the acquiring company would be non compliant with fudiciary responsibilities if they did not require this. Nevertheless, things have been very quiet for certain reasons and many things could be happening behind the scenes. I cannot believe that leadership and communications have been Mia for this length of time as we are entering into a critical time of this disruptive technology.
By the way, I think the audits apply not only for purchasing companies outright but also acquisition to product line, division or segment.
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