Tuesday, May 22, 2018 8:44:35 PM
The financials themselves are full of "mistakes" (benefit of the doubt assumption applied liberally) and the Notes appear to be a copy and paste of the year end notes with very little discussion of the quarter they are supposed to explain. There's even a Subsequent Events section that identifies the 50M shares issued to AP even though it obviously occurred WITHIN the quarter.
I could go on...it's an abomination and the new directors should be thrilled that they signed on just in time for it.
Just a note about auditors. They don't audit or express an opinion on interim reports, just the annuals, but they typically perform a quarterly review. Any qualified accountant with a modicum of integrity reviewing these financials wouldn't let a client file them without threatening to resign.
But can it core A apple?
Yes Ralph, of course it can core A apple.
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