Last month, the company named Sam Ciacco as the new CEO. Besides this, the company appointed the former ICANN CFO Kevin Wilson as the CFO. The company has said to the press that “it is making promising progress on clean up efforts.”
In the release, the company admits that it does not have a viable revenue generation model. It’s goal is to remain merely SEC-compliant right now. It is borrowing money to pay for services which are required to remain compliant.