Probably will be taken private at a huge loss to everyone but insiders. Maybe the soon-to-be ex NC gov will be a part of the show. When this outfit moved in from Chicago she and other local politicians/couldn't heap enough praise (and stimulus money from the feds distributed by state and county agencies) on LIME about what a class act Lime is and how it will make Charlotte a leader in green energy. The local press chimed in, too. The gov even came in from Raleigh for a 'grin and grip' it function. Now look---possible fraud, complete lack of business ethics and who knows what else? Management can't, or is afraid to file papers of what they've been up to. Even the govs photo with Lime upper crust vanished from the internet.
Maybe some of the higher ups have joined other local energy groups in order to gain favor and reduce the perception of fraud or incompetence. Or perhaps they are trying to line up some new employment because they have an hint at what's coming.
But who knows----maybe the soon-to-be, new NC gov (from Charlotte) will be willing to give them another round of cash to 'use'.
Ditch this company and buy ALIM for a company doing some good and likely to make you some real money in a year or two.
But do you think they could be successful privately? Could they still secure the contracts they were going after? The current contract additions may be keeping the lights on but the accounting problems create a huge blemish that is hard to overlook. It will likely to take time to prove that they are worth investing in and that the ethical issues have been addressed. Hopefully they can turn things around. This was an exciting company with incredible ideas.