Viropro, Inc. (VPRO)

[Bepractical]

You need to assume that some of the information we were provided by the previous team was not accurate. Just play it safe and make that assumption. There was some information that came out in the court case that was contradictory to information that I was provided by the company which is what my basis is for making such a remark.

That being said, no auditor, will ever give you a firm time deadline unless you have told them at any cost. Even with that, an audit can and will uncover deficiencies that could automatically push the deadline. For example, while auditing 2012 financials they realize there is zero supporting documentation of expenditures...to pass audit that information must be provided, hence...time extension.

I get your opinion and what you are stating but it doesn't change the facts of what an audit entails. I would be pissed if the company tossed a date out of Sept 20th and missed that deadline as it would mean they committed to something they couldnt meet and it would also make me question any further dates or timelines they share with investors on other initiatives. It's similiar to when a company provides EPS projections, if you raise guidance, you MUST hit it, if you miss, the street with tear you apart. Same holds true if you sandbag the numbers. Point is, establish a solid base for the company, then you can start making promises that you're confident you can keep.