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Re: armour1955 post# 45849

Tuesday, 03/05/2019 10:41:16 AM

Tuesday, March 05, 2019 10:41:16 AM

Post# of 163999
Once the 8k is announed, VYST/Rotmans has 75 days to publish Rotmans 3 years of audited financials for them to be part of the consolidation. People here are calling the 8K + audited fins a "Super 8k"

From the horse's mouth, the auditing process would likely take them much longer than 75 days to accomplish due to the sheer size of Rotmans inventory, sales volume, employee pension plan, etc (plus they're not in direct control of the audit, so they can't wave a wand and speed up the process). Therefore, they initiated the auditing process some unknown time ago (but multiple confirmations that it is indeed underway and nearing completion).

They recently stated they would wait until the audit was "mostly" finished before announcing the consolidation, so they don't get caught outside that 75 day window with their pants down.

So by the time we see the 8k we can expect to see the audited financials shortly thereafter - likely WELL within 75 days of that announcement.

Point is, this 75 day window means nothing. News of the consolidation will come before it is even relevant. Many people here are spreading fear uncertainty and disinformation.
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