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Re: penny2017investor post# 203845

Thursday, 09/06/2018 3:43:00 PM

Thursday, September 06, 2018 3:43:00 PM

Post# of 211436
True, but said "by year end".

It's true that CEO Moran said that DEWM's financials must be audited for the acquisition to be completed, but in the Aug 14, 2017 press release announcing the deal, he said:

However, an agreement has been reached in principle and both sides are committed to moving forward to complete the transaction by year-end.


Eight months have passed since 2017 ended.

Here's my opinion about audited financials for DEWM:

As long as DEWM has $3.7M cash on the books that was received from Medworx (the source of the 2014-2015 income,) no reputable PCAOB accounting firm -- or possibly ANY reputable CPA -- will audit the company, because the money came from a criminal enterprise.

You can read my posts on this matter at the following links:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132134820

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139757020

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139778506

DEWM signed Borgers as its PCAOB accountant in April, 2017, announcing it in an 8-K, but since DEWM is no longer an SEC-registered stock, if Borgers quit, there would be no 8-K announcing that or Borgers' replacement.

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