Actually, information about uplisting would be outside the scope of the Q2 report as would any information concerning Governance issues. This 10-Q addresses material events and financial condition in the second Quarter not issues in Q3. If there is a conference call to discuss the results we might see some clarity then but I haven't seen an announcement to that effect.
My thinking is that as organizational changes to resolve the issues will be released in one or more 8-K filings over the coming weeks. Actually, depending on how this plays out we may have just traded one catalyst for two or three.
Sentiment: Strong Buy
Moreover, "Frank M. Reynolds, Chief Executive Officer and Chief Financial Officer." That is disappointing. So if he's not dropping his CFO, what could be going on? IMO, this was an opportunity to explain as well as reaffirm guidance.