Juancy: Re: Audit Statement from Roger 4/29/18 that you just posted
Here's a quote from that letter::
At the end of the day Thursday, I reached out to a company that was highly recommended to us called the CFO Squad. They immediately jumped on the file and one of the lead members conducting the ‘polishing up’ of the statements is a gentleman who worked for RBSM and more specifically, was trained by and worked under our lead auditor at RBSM for ten years. This person knows exactly what is needed to make the final few adjustments to have it look exactly how RBSM wants it to look and read in order to have the process completed. They assured us that by Tuesday or Wednesday of this week they would be done making these adjustments. It then goes back to RBSM which should be for the final time and then upon approval we can finally submit the completed audit, put this to rest, and continue moving forward. As for the missed deadlines and dates we were originally provided and the resultant egg on face that occurred, we feel that we have now gotten down to the bottom of the constant back and forth regarding the wording and that this one time ‘polish up’ will provide the required finishing touches for submission.
I certainly don't want to add to the bashers' weapons, and I realize Rockets has made important points about the Audit not being delayed and that it is still within normal time frames for comparable companies.
All that being said, Roger hired someone with 10 years of experience at RBSM to help with the process and he expected it to be very near completion with this new person's help.
And yet, here we are almost 4 months from 4/29 and no news of any kind on the audit. We shareholders deserve to know the answers to the following:
What has been done since CFO came aboard? What remains
to be done? And what is a reasonable time frame for that
to happen.
Please tell me why these are unreasonable questions and cannot be quickly addressed by Roger? I'm not asking for any kind of exact completion date here
Comments welcome.
