InvestorsHub Logo
Followers 116
Posts 11877
Boards Moderated 1
Alias Born 03/08/2004

Re: dcsteve post# 47163

Thursday, 08/10/2017 6:58:10 PM

Thursday, August 10, 2017 6:58:10 PM

Post# of 70623
Page 26

The last audit cost $32,489 Multiply by 3 and you have near $100k for audit fees which SIML doesn't have.

https://www.sec.gov/Archives/edgar/data/1399306/000101968716006794/grid_10k-033116.htm

And it is definitely much harder to audit something that happened 3 years ago. Customers that dont't exist. People that don't want to be found.

During the fiscal year ended March 31, 2016, we incurred approximately $32,489 in fees to our principal independent accountants for professional services rendered in connection with the audit and reviews of our financial statements for fiscal year ended March 31, 2016.


#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,