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We've all been ready for several months now. The question is, will it ever actually happen.
Here's what doesn't make sense. Okay, so the auditor was off on his Wednesday estimate. Logic would say it would then be filed Thursday or even today at the latest, but does that ever happen? It's one thing to miss a deadline, but what happens with MIKP is that the deadline is missed, and then it appears to be used as an excuse to drag it out for another week or two.
Any word from Mark as to why the latest deadline wasn't met?
Any word from Mark today on whether or not the auditor will be sticking to his word.
Well depending on the timezone, the auditor may be leaving the office at 5PM. That's approaching soon in the East. Not sure a filing will happen today.
Well, we are a little more than an hour from closing. I assumed they meant during trading hours, but maybe not on the filing.
Any updates on today? Let's all pray that it happens today.
Well ladies and Gents, here's hoping that tomorrow is the day.
Did you have any followup with Mark as to why it wasn't done on Friday?
Do you have a basis for this ten days business. What is so special about the 15th. According to Skyrocket, Mark was hoping it would be done today.
?. What do you mean a lawsuit on the 9th? Are you filing a suit?
Look on the left hand side. It's under the comments some guy made. I think it's the first one.
I'm not sure if that's sarcasm, but to me it's more of the same rhetoric. "Actively finalized" doesn't mean finalized. They've been actively finalizing things for months now.
Here's an ambiguous response I noticed on Facebook, which was posted on the 2nd:
Mike the Pike Productions Thanks, James--- We're all ready. It's being actively finalized.
September 2 at 2:28pm
Oh really, first time audits take 8 months? Do they normally take that long on a company that has hardly any income? Let's not forget that either the auditor or the CFO told Mark at the beginning of the year it would likely be only two or three weeks to be completed. That was back in January. In April we start hearing light at the end of the tunnel. Then a week before the end of June, it was, we think this will be done before the end of the month, and then the CFO was going on a family reunion, so it would be after that, and then it was said to be done after the holiday (4th of July). And then it was next week, and then it was next week. Oh, and then next week, and then next week, and so on and so on and so on.
Taking a page out of Fidiciaryduty's book are we?
I thought we'd have an update or delay by now on this week's supposed completion. It's Thursday.
It's heading towards the middle of another week. Last week this time Mark told me that things were on schedule for last week, but then we got the delay.
Have you had any correspondence from Mark this week on whether or not he plans on delaying things till next week?
This is usually about the time of the week where someone emails Mark or there is an update on FB about why we will be delayed another week. Has anyone heard whether or not we are still on to have up audit filed this week?
When is the next supposed completion deadline from Mark?
Here's my problem with recent delays. Why is it that whenever we are supposed to be done with a deadline that the auditor or CFO or whomever suddenly adds things to do that should have been known all along. Most recently, Mark is told that a bunch of financials, quarterly or whatever it was need to be done or up to date before they finalize things. Well, didn't they know that all along, this entire year? Why wait until now?
I'll get ready to wait. Can anyone explain how the FINISHED audit of last Friday has still not been uploaded. Mark supposedly said the FORM 10 was drafted a month or two ago. He also stated this past week the attorney was waiting to input the final data as soon as he got the info. We were told they were making sure things were updated for the last couple of quarters too, or whatever he said, but that it should take more than a day or two to get that finished. Yet, here we are, a week later. And now, in typical, disingenuous fashion, we are told a few more days for a material update. Whatever that means. It's speak to buy at least another week of waiting. Bottom line is, someone isn't giving us the truth as to what is actually happening. Don't announce something if it can't be done even remotely accurately.
I couldn't agree more. All lawyers do is get important documents done by important deadlines, and that's the same with accountants. To continue to give weekly guestimations that are not only wrong but VERY off is mind-boggling to me. I don't understand why he wants to look unprofessional and not be credible to people investing in his company.
Sky, I guess you missed the "material update in a few days remark". Every time Mark gives some sort of deadline, he finds a way to prolong another week. Based on his comments, there is no reason this shouldn't be done by this week.
So, last Friday the audit was done, and the attorney was supposedly waiting to insert everything, and Mark said it shouldn't take more than a short time (hours or a day or two max), yet here we are approaching a week later. This is so ridiculous. It was my understanding the FORM 10 was already drafted a couple months ago. What is taking so long?
Sky, this is so tiring. The last thing we heard was that it would be on Wednesday right after the guy got back from his reunion. Now it's Friday. We all thought it was last week and the week before. April 11th he said it would be done VERY SOON. Four and a half months later, it's still not done. As far as the Form 10, Mark said that was complete several weeks ago, so there should be nothing but very minor details to that, as far as he made it sound. I've tried to believe Mark, but he has sent out information, whether he got from others or not, that hasn't been accurate as far as progress and timetables, and that isn't professional. It's been happening since the suspension. I realize missing deadlines or estimates a few times happens, and maybe it happens where something doesn't get done for a week, but this is being done for months or years.
Well, have you had any contact yet? This information was supposedly going to be submitted for review Monday. If you take Mark's word that things are day to day, that must mean that he believes the review process could be quick. I think you may be right that he could be setting things up for more delays. I hope accountability, and more importantly, actual results come about this week.
Has anyone heard anything from Mark as to whether or not this information was submitted on Monday?
Why do you think it will be end of month when Mark has said things are day to day, and that the final submission for review was supposed to be submitted yesterday? Has Mark said anything about whether or not that last thing was submitted yesterday as he said it would be?
My question to those of you who are more well-versed in what Mark is referring to is, once journal entries and whatever else he said is finished and sent on Monday, how long will it take those reviewing it to "sign off". It sounds like a lot, but I don't really know. It sounds like we are at least two weeks away.
This is starting to be really ridiculous. I like to be hopeful, but I knew as soon as the "estimate" deadline for completion by the end of month June was pushed to after the holiday, it would add at least two weeks. Again, how are these estimates so off, every time. When we go by the by the end of the month estimate, that was for about a week's time. Now that's turned into three weeks, which was the original estimate back in January for the total amount of time the audit would take.
I can give someone the benefit of the doubt, but this is becoming comical. There is now zero credibility.
Now we are left to wonder what "after the holiday means". The holiday was Friday, so we are on day three. It seems like that ambiguous response could mean at least another week or two.
It's hard to understand how he is getting frustrated with you, aside from your emails sounding a little rude. He is being incredibly ambiguous, and when he actually gives a date or estimate that seems solid, it never happens. Now we are told after the holiday, which essentially could mean anything. Does he mean after the holiday on this Friday, and does that mean on next Monday we'll finally get something filed? I don't get the CFO or auditor telling him it will likely be done at the end of the month, and then he decides to tack on at least another week or two. Especially when either the CFO or auditor implied to Mark back in JANUARY it could possibly be 2 or 3 weeks for the entire process. How Mark gets annoyed with you or anyone else for getting tired of meaningless and ambiguous time frames is beyond me. He should get a real date and publicly tell everyone what they can count on. This is all in my opinion.
You say just the other day he was back to two weeks, but just the other day, on the 20th, he said the CFO thought it would be done by the end of June.
Well, the end of the month is in 6 days. Let's hope for a miracle.
So, did Mark give you any answer? This is getting ridiculous. All these stupid Facebook posts leading people on that it was really close to happening.
Have they ever announced news at 2 pm? Not in the last several months.
His post said we were nearing the light a month ago. So...we should be in the light by now not near it. Based on past behavior, and based on this new idea of giving us a hard date instead of just annoucning it's been filed, my guess is that this will be delayed as long as possible, and then we will be given a hard date for further delay.
Again, can anyone understand or explain why a company would operate without deadlines. There should have been a hard date in place from the beginning. That date should be announced to the shareholders in my opinion. Nobody wants to be accountable for anything.
What news are you expecting? Why do you think it's coming in May?