How many times does this need to be repeated until someone realizes how simple it is to understand?
The spinoff and dividend are the same thing. They are not separate events... And from day one Roger said this would happen after the uplisting, so the new entity is an OTC company, not a pink.... It’s not late, its just on hold
Rogers issue is that he underestimated the time it would take to complete the 3 your audit for a company with three subsidiaries + strong numbers/growth... The fact is, pinky stocks commonly take this long to uplist. This is not a special case that only AMFE is going through. Companies that have nothing, zero revenues/assets, still take this long.
Most pinkies are already uplisted before they get to this level of growth. The bigger you are the more work that needs to be done, esp when you collect money in Canadian dollars, then report in US dollars
The reason why It takes so long is because you only get one meeting per week with the auditors. This is by teleconference because the auditors are located in a different country... auditors are not allowed to tell you what to put in the filings, they can only tell you if they are not adequate. For someone that’s never had to deal with the complexity of writing a 10Ks footnotes, this can overwhelming... esp since small changes take a week to get approved
The process is slow and tedious. Auditor work with many companies at the same time and are not allowed to give favoritism. You cannot pay them more to work faster. The amount they are paid is already agreed upon before the auditing starts, no matter how long it takes, which is why meetings are limited. They are not going to spend day/night on one company paying $50k. They would go broke. So they just give you one meeting per week, so you dont waste their time. This forces clients to make their meetings count
Again, the issue here is that he underestimated the time it would take, he’s never been through one of these before. It’s easy to underestimate... But they’re still on a normal/common schedule for the time it takes to uplist.
My messages contain many opinions. Please do your own research
and validation.
