Brookmount Exploration Inc (BMXI)

[chemist72]

"When will the audit be done."

This seems to be the main concern for some holding this stock. But why? This should only be a concern for those without patience or for those who plan to sell their shares as soon as they can after the audits are released.

This is not my main concern. "Real" investors here (not traders) should be asking "what are their growth plans?" or "how many shares will they need to issue to accomplish their growth plan?" or "how soon do they plan to uplist to the OTCQB tier?".

I've just learned the following from a recent post by SooS:

And audit will be for 3 years

For gosh sakes, this is the reason why the audits (plural) are taking so long! This means all the way back to FY2016 which actually began in late 2015. Current management has only been in place since early 2018 as SooS pointed out in another post.

Auditors could be looking for info and documents that don't even exist anymore. What are they going to do? Track down the previous owners and question them? When a change of ownership has taken place, it makes an auditor's job MUCH MORE DIFFICULT. Now I understand why the audits (especially those for FYs 2016 and 2017) may be taking longer than they might have hoped earlier. Hell, I wouldn't be surprised if they took another 3-4 months although according to the latest info SooS and Batman have posted, I would say that a release of the audits in June or July is much more likely (jmho).

So please, if you like this stock, give them (actually the auditors) more time to complete their job.

BTW, I really like low (or no) volume days on days like today when the rest of the market is getting body slammed! -lol