InvestorsHub Logo
Followers 4
Posts 813
Boards Moderated 0
Alias Born 05/27/2018

Re: PennyStock Alert post# 81905

Sunday, 05/27/2018 6:08:47 PM

Sunday, May 27, 2018 6:08:47 PM

Post# of 205105
No, $250K doesn't sound enough.
$250,000 / ave auditor rate @ $150 hr = 1,667 labor hours
1,667 hours / 8 per day = 208 labor man days
208 labor man days / 23 working days per month = 9 months
That's 1 auditor for 9 months. Add more auditors and the duration shortens.
They are in Sunnyvale and labor rates are not cheap

Why not throw more money at the audit is the question?
Audits are reviews of doc's and it takes man hours to do the work, why not request OT to get this done, if it was such an important company step?

Just curious