Patten Energy Solutions Group Inc (PTTN)

[tonyo524]

I'm going to respond to this comment with the same response to your last comment.

Quote:
Nope, can't agree with that. They knew what those reports would be like back when they acquired Patten in November of 2014. They also knew that They had a 10k due in April, followed by a 10q. Responsible management would have been on it from the beginning. In addition, they knew the terms of their TCA loan stated that they needed to stay current as do most toxic funding loans. The importance of being current can not be understated.

The accountants should have been dismissed way back in June when it was apparent that the accountants were screwing up according to Jim's words.

Also according to Jim, the merger company decided that they didn't need to be current to start the process. With that being said, competent management should have filed the required form to use the alternative reporting method on OTC Markets.

That method would only need an opinion letter from Luckosky. Then they could have the financials out, the shareholders could then be brought current on ss, debt, revenue, management, and officers, and they could still be working on the SEC audited filings in the background without issue.

That is how competent management works. They figure out a way to keep the investors who own the company satisfied, while still getting the job done! Otherwise, the investors will revolt, and there will be chaos!