I guess any of us can spin in any way. It goes both ways depending on your perspective. Shameless post saying the audit will not happen are no different. And based off the company's own admission, it could be completed any time IMO. The company's own words were come to a "rapid" conclusion. That could be Monday.
"However, due to factors unrelated to the Company and beyond its control, the audit has been taking longer than projected, such that the Company has now engaged Paritz & Company, PA, Hackensack, N.J., to assist East West Accounting Services and act as lead auditor to bring the audit to a rapid conclusion."
I apologize for not remembering the board I read it on, but another company just reported a delay in their audit due to the tax changes.
I have no idea if that is what POTN is dealing with, but the "factors UNRELATED to the company and beyond ITS control" could simply be the same tax law change reasons.
To me, The fact that they felt comfortable posting the unaudited financials all but verifies they are confident in the audit results.
Waiting 4 more weeks is not a long way off IMO.
Just all a matter of perspective. Not shameless to me, but hey, that's me.
I hope the longs have a great weekend!
