Dewmar International BMC Inc (DEWM)

[NoMoDo]

A sincere thank you for playing.

If the vets day was "of course insignificant," then why are you still bringing it up? There is no optics. He gave away food. It doesn't need a report.

Are we bent about the merger? Is that what this is about? Lets figure out what we know and what we don't.

Marco stated that they are trying to buy one of the country's largest distribution services. He stated that he needs 2 years' worth of audited financials and they need to be current in reporting. He stated that he HOPED to have the deal done by the end of 2017. That was obviously an unrealistic time frame if the company needed to be fully reporting. Was this requirement later added by India Imports? He later stated that they are progressing and would let everyone know if the deal were to die. Since we have not heard any update, the deal must still be moving forward.

Now what we know... Audited financials take a while. Dewmar was looking for an auditor at the end of October and early November. Generally a company will send over information on a quarterly basis or more frequently so when the K is due, the auditors have a good handle on the operations already. At that point, it typically takes 2.5-3 months to finish ONE year's audit. This didn't happen with DEWM - likely because they didn't see a need for fully reporting status until the merger.

It is possible that we see audited financials within the next week and a half. My realistic opinion is that we will see unaudited financials shortly and with a statement that the audit is in process and we will become fully reporting closer to May.