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Tuesday, November 08, 2016 3:41:42 PM
Not quite likely - totally impossible.
Lugee's auditors are in HK and know HK standards. LQMT auditors are in US and know US standards. Lugee's guys wouldn't be telling the US guys how to do their job because they don't know US standards, which are extremely different from HK standards. Most of Lugee's auditors can't even read English. His guys aren't going to "make changes to the filing" when the US guys are signing off. They wouldn't allow that, nor would the US LQMT auditors take responsibility for what the HK auditors (who have NOTHING to do with LQMT) "want them to put in the financials." Their malpractice wouldn't even cover it.
What's likely is some type of material event that they are waiting for all the facts to come in before they disclose it in a Subsequent Event footnote and can talk about it freely on the call.
There is only one Dogzplaynpolka. Do not accept cheap imitations.
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