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Not sure,could be the delay in Trucept's audit financials.
CEO Norman Tipton commented: “After careful consideration, and after receiving proposals from several firms, we have chosen RJI International CPA’s to audit Trucept’s financials for 2022. We proactively chose to change firms as the result of the prior firm’s performance that was hampered by the pandemic and other operating issues. RJI was founded over 40 years ago, and they bring a wealth of experience to the table. We look forward to working with RJI in 2023 and beyond.”
So am I.
Thank you for re-posting. $trep keeps digging and I’m increasingly hopeful for audited results and uplist. Not sure how, but I’m tentatively optimistic 
Net Income recording a 94% increase versus the same period last year (Q1 2022).
SAN DIEGO, May 15, 2023
SAN DIEGO, May 15, 2023 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) today has released its First Quarter Financials. Trucept posted an impressive 381% increase in Operating Income, with Net Income recording a 94% increase versus the same period last year (Q1 2022). The company reported, that as compared to the same period last year, total Operating Expenses were down by 5%. Total revenue declined 8.7% for the quarter. This was attributed to normal cyclical variations in the existing customer base.
Fins out
So you see THIS as a buy an hold? Really????
[quote Mr. Bonar was appointed to the STTN Board on May 29, 2009 and named President of STTN on September 17, 2009. ][/quote]
https://www.macroaxis.com/invest/manager/TREP/Brian-Bonar
Thx for your guidance over the years, but I was an STTN shareholder and still have the same $TREP shares
TREP may not be currently defined as a shell - but BONAR has recycled it again and again (along with DFCO, STTN and perhaps other shells) for decades.
My 2012 post on this issue:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=74960793
What is a "Shell company"?
The term “shell company” is narrowly understood as a public limited company which has largely ceased its operative business but whose stock exchange listing still exists despite minimal sales turnover. In practice, these are usually former traditional companies of the Old Economy which have experienced an economic decline due to structural changes or severe management errors. The actual inventory which this comes from is structurally weak industries such as railway companies, breweries, mining companies or mechanical engineers. In addition to this are, of course, companies which came onto the stock-exchange at the peak of the New Economy in the late 1990s. In this case, it often became apparent very quickly that the business model was not sustainable and these companies either went into insolvency or were able to close down or sell all loss makers, and “survive” with the remaining assets.
The common factor for these companies, apart from the loss in operative sales revenues, is that, after a delivery versus payment (DvP) sale of the relatively easily payable asset items, only part of the remaining stock of hard-to-use basic assets remains, or other assets which are currently not sellable or only sellable with large depreciations. The stock exchange listing of the shell generally represents the deciding value for potential buyers. If the shell company is purchased, the company’s new owner can flexibly change the corporate purpose and incorporate its own forward-thinking business potential into the company.
Shell companies enable an alternative means of going public without the long-winded, complicated proceedings of the traditional IPO process. The entrepreneur controls the concept of going public itself and is not dominated by banks, advisors, lawyers and auditors. Shell companies offer the entrepreneur with a high degree of independence from its credit-providing banks through a quick and easy path to the stock exchange, and enable direct access to the capital market and therefore the acceptance of interest-free share capital (equity capital).
Shell companies also enable a clear increase in the popularity of the company through its future positioning in the capital market.
Timing is interesting right before fins too.
How do you "audit" a company with no business and no plan????
Indeed!
Looks like $trep is still looking to uplist: “CEO Norman Tipton commented: "We continue to be extremely pleased with the excellent results being posted by our business units. Our core business and subsidiaries continue to thrive, and we are making meaningful progress on financial audits which will allow the company to up list on the OTCQB".”
Nope- just a BONAR pump and dump....
TREP BLOWS, ALLRIGHT !!!!
PR out today
