EVIO Inc (EVIO)

[coinsguy]

OK, to recap what I think I understand here:

The auditors the company was using were asking the company one question at a time, much like the SEC does. That means that when a question arose, they would stop what they were doing on the audit, send their question to the company, wait for the company to respond, and then continue their audit until the next question arose. With the recent acquisitions, there are a LOT of questions arising, causing the delays.

MaloneBailey LLP is SGBY's current auditor and they were involved in a major problem with a company they were working with last year. MaloneBailey LLP submitted audits that proved to be fraudulent. The auditor doing the work was a contractor and not a full time employee of MaloneBailey LLP. Regardless, that auditor ended up with a 3 year plus suspension by the SEC and MaloneBailey LLP was hit with a $600,000 plus fine.

MaloneBailey LLP wasn't considered perpetrating the fraud - rather they were just rubber stamping audits and at a minimum negligent in their duties. So, MaloneBailey LLP is just being anal retentive about EVERY SINGLE tiny detail now, especially on small cap company's and SGBY is just caught in the crossfire.

Does this sound correct to everyone?