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Ok, go bucs(PGH), thanks,
Thanks for the reminder , Rocket. I do remember abt the large and small format retailers in Canada. being targeted. I wasn't sure abt distributing in other countries yet.
I agree & second that.
Well, then I guess you know more than I do because I don't know what NSI is distributing and where but I'm eager to find out. I thought opening retail stores everywhere was a goal, maybe not at this point but in the future.
What happened to World Domination....hahaha. Surely if one expects world domination languages would have been thought of. I'm only joking.But after AMFE establishes a presence in the English speaking countries , the concept would need to be translated. I worked for an international company in which there were 9 different languages involved. All company policy & procedures, operating instructions, product labeling etc... were translated and labeled in the local language. It wasn't that difficult and actually the translating was handled & sourced by the local country personnel.
I'm trying
The Q4 numbers are prepared by mgmt and are preliminary #'s for info. purposes only. Q4 & the other three quarters supposedly would be audited #'s & rolled up into year end #'s, certified by the CPA Firm as being accurate and may be relied upon .
Poster thinks AMFE is a scam P&D , which those of us who have taken the time to perform the DD know it is not. We will be laughing at these posters in the near future as soon as we uplist.
AUDIT, AUDIT, AUDIT!. We need to uplist.
(get the stinking audit completed!!)
I second that,,,,,,
I'd take ether one. I can't find Egg Nog in El Salvador.... Occasionally I can find it but not this year so far.
Send me a PM with ur contact info. I may be interested in a minority position.
Let us know what sleekscape suggests or how to find sleekscape. Saw a Rocket post on EAPH which led me to AMFE.
.
And the PR also stated :
ON4 COMMUNICATIONS SELECTS MAZARS USA LLP TO AUDIT 2017 AND ALL FINANCIALS MOVING FORWARD
New York, NY -- October 05, 2017-- InvestorsHub NewsWire -- On4 Communications (OTC: ONCI) today announced it has interviewed 2 audit firms in New York, and decided to select Mazars USA LLP.
CEO Steve Berman comments, "It has always been my goal to have fully audited financials and we are close to that goal today. I chose Mazars LLP because of their expertise in foreign accounting as we are now a global company. I will post the engagement letter on twitter later this afternoon. Audit expected to last 6 to 8 weeks. Upon completion all requirements for OTC QB will be met, and maintaining a .01 bid price would be all that remains.".....
Have you seen a PR or Tweet stating that the audit has started? I have not & perhaps I missed it. If you have seen a PR or tweet stating that the audit has started, please send it to me. Thanks, I'd appreciate the documentation.
Same with me.... I still don't think the audit has started. That snippet from the Engagement Letter does not look authentic to me either. All he he has relayed is that he selected an audit firm, regardless what other posters say Steve has privately mentioned to them. Time will tell shortly...
The purpose of my post was to clear up misinformation with facts & not to engage in a tit for tat discussion with any board member.
I did not suggest AMFE should or should not engage auditors in quarterly reviews, that's a company decision & not mine to make.
No offense Rocket, but a simple google inquiry,"Do CPA firms audit quarterly results". produced the following in about 5 seconds and may prove to be useful in understanding audits, quarterly & yearly :
http://smallbusiness.chron.com/responsibilities-audit-firms-quarterly-financial-statements-34627.html
http://smallbusiness.chron.com/audit-quarterly-financial-statements-15384.html
http://smallbusiness.chron.com/6-phases-financial-statement-audit-3775.html
http://smallbusiness.chron.com/example-financial-audit-checklist-24968.html
Some large companies have external auditors on site year round with their own office to review transactions, while others hire auditors to audit quarterly results without rendering an opinion. The previous 3 qtrs audited results are combined with the audit of Q4 to render an opinion for the entire fiscal year. With quarterly audits completed year end audits do not take as long since 75% of the yearly/annual audit is already performed and the auditors are already very comfortable understanding the company's operation & financial record-keeping, etc...
Why , please explain?
Why, please explain?
Why. Please explain.
I've not experienced any problems with Fidelity.
]I don't get why it's preventing take off, if it indeed is... We went 3 years without an audit, suddenly now it's a difference maker? [
Does Snakes have special pricing for kids under 12 or so? I never thought of that.
I agree 100%. and have felt that way for the last several months that the audit is the only catalyst capable of moving AMFE up significantly at this point along with uplist. Hope the audit is published early next week, like Sunday.
R u talking abt the guy in the suit coat? He looks young enough to be our fearless leader.
Better late than never, Lawton,.....
I really don't know but 99% of pinks r scams & promised audits were never started. Most audits in pinks never happen. Pinks say they want an audit or an audit is underway to buy time. EA_H has been under audit for 3 years that I know of.
I know of a pink stock that stated they have selected an auditor & the audit should take 6-8 weeks. That was 2 months ago. & the company has yet to mention if the audit has started or not.
LOL. OK DM
Subs r just another entity to audit. Nothing special or time consuming abt them is all I'm saying.
Speaking from my 40+ years as an experienced auditor, both external & internal.
Great. Good luck.
Not actually. I have many contacts in the screen print business and they said is was a simple design with a limited # of colors and easy to produce.
I have yet to see pink company audit period, only promises. I also have no worries with AMFE.
Sorry buddy, but the auditors would know abt the company's subs and major acquisitions during the audit period as part of their preliminary work prior to the beginning the actual audit. Based on the info noted in the prelim work,the auditors would set the fee & audit timetable accordingly. Subs would not be a surprise if the auditors properly performed their DD, ie, preliminary work prior to beginning the audit.
PR dtd 10/5/17 states the audit will take 6-8 weeks , not months, reread the Oct.,2017 PR if you don't believe me.. There has been any indication from the company that the audit has even started. However, INSTATRADER has indicated that SB told him personalty the audit has started. That is the only comment I have read which indicates the audit has started. I'm not doubting INSTATRADER but I'd rather the company ,after almost 2 months from announcing the selection of the audit firm, provide us with an update and maybe a projected time frame for completion of the audit.
Open #3- better late than never, eh Bud.
Which Bucs, Pgh or Tampa Bay?
I don't see the tweet today. Can you post it, please?.
I agree Tre. The audit is voluntary and is a path to uplisting, however, the company benefits as much as the shareholders. Perhaps if he or his financial dept were more involved in the the audit process they surely would know it wasn't 99% complete. Hopefully the company will learn from this experience and IMO what appears to be lack of involvement at least by the Finance team.