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Re: plane4keeps post# 5372

Wednesday, 10/04/2006 2:10:38 PM

Wednesday, October 04, 2006 2:10:38 PM

Post# of 82842
I have to go through audits annually and they always come back with dozens of questions and changes and my company is UP TOO DATE on its books.

Try to audit YEARS worth of Q's and K's and see how long it takes. This is the difference you have to consider. CKYS has not done their annual PHYSICAL inventory audits. This alone can be a nightmare when calculating the #'s. Once you're behind on this info, you are REALLY BEHIND.

Then add the fact that they have issued many shares and had a reverse split in the past. This info ALONE can take weeks, if not months to reconcile.

Very, very, very few pink stocks ever make it back to the OTC after delisting because of these examples. CKYS is in a rare situation because they have piggyback status.

My posting contains many opinions. So please do your own research and validation.



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