AVEW Holdings Inc. (AVEW)

[NapoleonGrande]

Message I received on Aug 28th

"Audits and S-1 Registrations are horribly expensive for a company our size and as you know we are not rolling in cash. And its extensive. I have six unanswered questions greeting me in my email this morning one of which is regarding a missing ledger from 2012 which is way prior to existing management. So today myself and accounting manager will be dealing with those questions. And looking for a ledger that is not in a computer somewhere. That is a delay. Then maybe the auditor waits until the end of a 30 day billing cycle to work. Then the audit people need to communicate and get or give information to the S-1 accounting team. Getting the picture? Four sets of accountants. In house, outside CPA, Audit team, S-1 team. We will need to streamline the process.
I am not at liberty to discuss Tarragon's financial delays other than what has been stated. There is a dispute regarding the numbers and we are addressing that dispute and it is taking time. When we consolidate Countryside's and other numbers Tarragon's suddenly become insignificant to an extent. We purchased Tarragon primarily for the name and the business we can bring to Tarragon so the current numbers aren't as important as the future ones we expect from them. Once we do get the Q2 amended it should look significantly better though as one would expect."