Amfil Technologies Inc (FUNN)

[Martin11]

This is the most interesting part of the news. Please read "Our auditors and accountants have been working diligently towards the audit finalization and resultant up-list off of the pinks. While the process has taken a little longer then originally anticipated, we know the process will be finalized shortly. The biggest delay was waiting for confirmations from banks and government agencies.


On a positive note, the auditors have identified that a number of the sales were recorded at net as opposed to gross, which means our revenue figures may be significantly higher than originally reported. The auditors at RBSM are doing a great job and we look forward to wrapping up the current audit and utilizing their services on an on-going basis moving forward. Although we expected the process to have been completed already, we recognize that the catching-up process on a 3 year audit can be intensive, but only needs to occur once. The completion of the 3 year audit provides a smooth process for the ongoing quarterly reviews and yearly audits moving forward. Upon completion, we will make an announcement and outline the uplist, spin-off, and dividend plans."
This will further increase the revenue of the company.
This going to be very huge and would reflect in their next quarter earnings.