The attached financial statement have not been audited nor reviewed by a third party accounting firm. These statements have been produced in conjunction with an ongoing forensic audit of the books and records of Quasar Aerospace Industries Inc. and its subsidiaries.
Records supporting the issuance of debt securities, which are secured by assets of the company, are not available in the company offices. We do not know what happened to these records and therefore cannot measure the amount or nature of the company’s debt or any related derivative liabilities for convertible features imbedded in these securities, which, we believe, is secured by certain assets of the company and its subsidiaries.
Right, that is how a company gets audited. This is a hidden scheme to just make up convertible debentures at dates past that best suits there certificate printing needs.
Sorry, but this will never make it on a registration statement with the SEC. It is not auditable.