Amfil Technologies Inc (FUNN)

[MountainMan51912]

From my experience with audits (not 100% this is what is happening here but it’s usually how I have seen it happen). There is a weekly scheduled call where the auditors and the company review information. Based on that review the auditors will ask questions or for further documentation. The company will send that info in and the next week on the call they review the new info. That can spark new questions, or a transaction to check or more documentation needed. This process is repeated over and over again until the auditors are satisfied and when going through multiple years it can get very tedious and frustrating. I have never in my career seen any type of audit finish in the original or even the revised time table.

In the end, this will all be worth it. The company is thriving. You don’t sink a million plus in a flagship location (10 year lease) to lead your enterprise and sell franchises without a solid growth plan that will be backed by serious investors.