$OTHM's discussion on "Current Filer" Status.. PCAOB Audits...
We’re not going through months of fiscal organizing simply to achieve a ‘Current Filer’ status with the OTC Markets. We’ve engaged and paid a top rated micro-cap savvy accounting firm to lead the charge on our fiscal organizing. This is partly the reason for the months of delay in achieving the ‘Current Filer’ status. It has been an eye opening experience going through this exercise, but as our accountants have stressed time and again, “do it right the first time.”
“Doing it right” means, having our affairs in order, so that when the time comes, an auditor can’t poke holes in it and the Securities & Exchange Commission acknowledges it. Why? Because we plan on immediately initiating the up-listing process thereafter the merger/acquisition is formally complete.
To this end, in addition to our new accounting consultants, we have retained additional counsel, and, we have already identified an auditing firm of choice. The auditor will be engaged and paid within 30 days of our filing the Year End Disclosures and achieving the Current Filer status.
$OTHM Oriens will not be a pink sheet company come 2015. The only question will become, “where do we up-list to,” as the options may be many.
