Grey Fox Holdings Corp. (fka GFOX)

[Scott12]

I wouldn't hold my breathe waiting on those fins any time soon. I have been hearing about them getting current for a very long time.
The CEO of GFOX (Daniel Sobolewski) has a way of changing his tune. In last year's PR he said the auditors were paid in full and that they were just finishing up a few outstanding revisions. Now I see in last week's PR he said they renegotiated a payment plan with their auditors.


"ORLANDO, FL -- May 25, 2017 -- InvestorsHub NewsWire -- Grey Fox Holdings Corp. (OTCQB:GFOX)

Grey Fox Holdings Corp. is making progress in becoming current with the Companys filings. The Company has paid M&K CPAS (Audit Firm) for their services regarding the 10K, Q1, Q2, and Q3 filings. The 10-K was close to completion back in December with just a few outstanding revisions that needed to be done prior to publishing it. However, at the time the Company did not have the funds available for M&K CPAS to continue with the forward progress. Now that M&K CPAS has been paid in full, for the 10-K, Q1, Q2, and Q3 filings, we expect the process to go a lot smoother. The Company does not have an exact date as to when the filing(s) will be completed, and published. However, the Company will be updating the Shareholders when we get closer to completion as it is the Companys top priority."
https://ih.advfn.com/p.php?pid=nmona&article=74697611


My question is was he lying last year about the auditors being paid in full, or is he lying now?

"On April 18, 2018, the Board of Directors (the “Board”) of Grey Fox Holdings Corp. (“GFOX” or the “Company”) successfully renegotiated a payment plan with its auditors and passed a resolution to have its auditors and bring the company financials current. ( 3 Quarterly Reports (Form 10-Q) and one Annual Report (Form 10-K) for 2017 and one Form 10-Q for 2018."
https://ih.advfn.com/p.php?pid=nmona&article=77325916

What I would worry more about is the very real possibility of the SEC suspending GFOX for being delinquent with their filings. GFOX has not filed a Q statement since the beginning of 2016. The SEC suspended a company just a few days ago for being far less tardy than GFOX.
IMO, Sobolewski is skating on very thin ice.

Caveat Emptor.

As always, treat these turds as a trade.
GLTA.