"It doesn't matter" providing you are NOT looking for any kind of distribution deal or to screen the film at any of the larger film festivals.
The audio is actually a disaster, there are just a few spots where it's barely acceptable but the majority of the dialogue is unacceptable due to mild to severe distortion. I hope this has been caused by a very inexperienced video editor who knows nothing about sound mixing because if the dialogue has actually been recorded like that then you're in quite a bit of trouble.
Well I have to say, had the audio been better this would be a great piece, but when the audio is not 100% it really distracts from the film. I have just had to re-record a ton of audio, because what we did, just simply wasn't good enough. I hope its something you can fix, but other than that it looks the real deal.