Francois: If DCHT fired him (and we don't know that to be the case) the real question would be, why?
It is tempting to badmouth Steve and say that firing him indicates a move toward respectability on the part of DCHT, but that is consistent with a questionable theory: that DCHT is a small, but honest company who had somehow gotten itself connected with a sleazy promoter. That was my original view of the matter. Were that the case, disassociating itself with Steve would be a plus.
But after the Antaeus affair, I no longer agree with the "but honest" part of the above description. Honest companies don't announce contracts with largely imaginary customers. So if even if they did fire Steve, that doesn't raise DCHT's standing one iota in my book.
A more likely explanation for his parting with DCHT, if that is what has happened, is that DCHT has used up all its cash and is now in the process of going under, press releases about expanding fuel cell operations to the contrary notwithstanding. Of course, perhaps the company has tapped into some new source of financing, and has no trouble paying its bills.
I don't want to say it is impossible for a company to get significant outside capital without audited financials, but it is extremely rare. That is why completing an audit is essential, both for informing shareholders, qualifying to stay on the OTC BB, and raising funds. |
