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Friday, May 09, 2014 5:31:47 PM
Over a year ago, the company announced plans to have audited financials and uplist to a senior exchange. There was significant (IMO undeserved) 'hoopla' about reserving a symbol for said uplisting.
The Q2 financials made reference to 'auditors' as $8M was added to Capital, offset by $8M of Unidentified Tangible and Intangible Assets. This represented stock previously issued primarily for services which had been incorrectly expensed at par value ($.001) rather than pps when issued.
Tomorrow marks the seven month anniversary of the announcement naming 'M&A Powerhouse Robert J Seda' to the Board of Advisors and Oversight Committee with the explicit remit to 'give guidance and oversight for the purpose of moving to a senior exchange.'
A lot of time has gone by, IMO time for an update. A positive update, for example a due date for audited financials and a timeline for listing, would be a positive for pps.
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