This is FANTASTIC news. Great to see Cloak moving ahead with promises. Open Source code and Audit. Also no master nodes! proof of stake design. One feature I'd like to see is to have a remote wallet for the proof of staking... so the node doing the mining isn't at risk of being hacked.
RE: The professional audit was a very good decision and it clearly shows CloakCoin as a real crypto currency. We will provide the audit report with a full statement from our developers on Monday!