Amfil Technologies Inc (FUNN)

[User-65225]

I'd pay the accountants more overtime to get the audit done sooner.

It doesn't work like that, or Roger would have, without a doubt. Money is not the issue.

Heres what i posted last night...

The 3 year audits of 3 subs has been draining. These are not a bunch of shells, they are real businesses and the 10K has to have details that go back to the tickers inception (1985). Thats a lot of records that other people put together.

I think every corporate share transaction since inception needs to be listed in the 10K... and the auditors will want proof. This is the type of stuff that they likely needed to ask outside parties for, which can lag. From the PR...

Audit Process Update

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.