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Monday, December 29, 2014 1:38:59 PM
There is an SD Mayer and Associates but they have a different logo and have done business only as SD Mayer & Associates since at least 2013.
A company doesn't need its auditor to be registered with the PCAOB but they do need that if they want to register with the SEC. So this statement from today's PR is false:
The Company has now completed the name change, has audited statements in excess of $70m in assets and $13m in revenue that will meet the requirements for a listing on a major exchange in the first quarter of 2015.
In addition to the lack of a PCAOB-registered auditor, WNTR has not filed a registration statement with the SEC, which would be required for them to list on a major exchange. There is absolutely no way they list on a major exchange ever, let alone within 3 months, and to state otherwise is wrong. This looks like just another insider enrichment scheme.
Disclosure: No position.
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