Amfil Technologies Inc (FUNN)

[Smith Sam]

Well Roger mentioned that the Auditors thought Amfil incorrectly understated their revenue and in fact the revenue should be higher than previously reported.

After his finding, auditors now have to perform further procedures to ensure that Financial Statements is reasonably stated. For example, if auditors found out the samples they selected to test is incorrect, what about the rest of the population that were not selected for testing. Now the sample size needs to be expanded to conclude on the reasonability of the presentation of the Financial Statement.

That could easily delay the issuance date.

$AMFE!!!!