Sulja Bros. Building Supplies, Ltd (SLJB)

[marianothis]

abbam,

as a former auditor (d&t) i find the audit comments very funny to put it mildly. first audit firms almost always have deadlines to meet so they are usually in a hurry. in this case though, since it is the inaugural audit, the audit firm has put more emphasis on thoroughness than expediency. understandably so imho. that written, i'm quite certain sljb didn't agree to pay the audit firm (it has come out that pwc isn't auditing they are filing for the uplisting - i don't know if this is accurate or not but it seems to make sense to me) on an hourly basis but instead on a fixed basis (subject to certain conditions but still a fixed fee) so kpmg is interested in completing the audit as opposed to taking its time. for me, i believe the delay is for the dubai listing plus lining up any other ducks before the show is allowed to begin. how long will it take? i have no idea, i just hope it is sooner rather than later. and yes wessal buying 125 million shares might be one of the ducks imho.
regards longs, buddy