07/13/16
Hi,
To be sure, I forwarded your question to Greenberg Traurig (WM's counsel). GT is working on the filings and their response was: "All you can say is we are working on the filings." Regulation Fair Disclosure restricts us from giving a date unless we publish a PR to inform all investors at the same time. According to GT, such PR would be unusual, especially at this end stage in the process.
FYI, in the past, 10-K filings have taken roughly 8 weeks from start to filing:
Thai subsidiary: 3 weeks (Thai accountants and Thai audit)
US auditor, CFO's work, legal opinion: 5 weeks (total)
10-Q filings have taken roughly 2 weeks from start to filing.
The above noted, it was mentioned about six weeks ago that work began on those filings.
Three things to impart:
WM is entirely focused on filing and generating sales
We expect normal trading to be restored upon filing
WM anticipates filing its Q2 as per usual
Kind regards,
Mark Green
Mark Green
www.worldmoto.com | World Moto Inc. | OTC: FARE