Adia Nutrition, Inc. (ADIA)

[Jason Coombs]

They have agreed to claw-back those shares.

Drugdoc is right LVVV paper is worthless.

What do we require Bill and Shelly to provide to us, in that case, in return for the extra $30K above the Preferred share repurchase price?

Question is: what's the value of the roll in and the cost to
clean up accounting?

I have invested hundreds of hours of my time on the financial records cleanup and analysis. PIVX issued shares to other people who helped with that effort, also.

The bottom line is that there is no need for audited financial statements other than to 1) qualify for credit, or 2) register shares with the SEC, or 3) offer new shares to the general public under Regulation A+ of the JOBS Act, or 4) compute and pay dividends after the company is substantially profitable.

Prior to one of those four events, an auditor opinion regarding the accuracy of the financial statements and the adequacy of internal financial controls accomplishes nothing new.

One could argue that audited financial statements might help the public stock price, which in turn might help attract new private investors at reasonable valuations. But in reality that's not how private investors decide to invest -- that's how toxic lenders and penny stock scammers decide to invest.