Amfil Technologies Inc (FUNN)

[FastMny]

I also think audit is submitted this week. I'm hoping for an update to that effect tonight.

I've thought a lot about the audit process and I have a better appreciation for what's involved. Certainly, there are thousands and thousands of transactions that must be accounted for and auditors and the company usually meet once a week to discuss next steps for the following week. This cadence, although efficient and conducive to maximizing the auditor's ability to service multiple clients, is not timely.

But, another factor in this transaction is the sharing of liability that takes place when the auditor signs off on the books. The auditor is now "on the hook" for accurately reflecting the financial state of the company they have audited. At the end, they are going to double check every crossed T and dotted i. They've got one chance to get it right before the SEC and investors get access to the info.

We, as investors, should take comfort in the fact this has been a diligent and painstakingly detailed audit. Going forward, new investors, will immediately benefit from this drive toward transparency.

But, they will have to enter the stock at a higher PPS as the cost of having access to the books and the associated risk mitigation that the access provides.

This day is coming.