No credit rating means that even the local power company has never heard of them. And here comes the best part, if there was any question at all that this was an investment suitable for the insane and delusional only. If there was ever a case study to see why you should avoid non-reporting companies, this is it. No revenues between November 1998 and June 1999, which had not been disclosed. No independent directors appointed.
All directors are also company insiders.
In other words, no independent entity at all oversees the operational or financial decisions of the company, including the compensation of the executives. The executives decide what to pay themselves. Kinda like rolling snake eyes. If the executives of this company can't bring themselves to care, I guess I won't either. Well, if you can persuade these guys to go public, you may get your chance.