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Tuesday, July 09, 2019 12:13:50 PM
Smoke: Late filing of 10K, late filing of 10Q, all the dilution and not a word about anything since late April. Switch in accountants and the forever "waiting on accountants" to complete - what was already a completed audit.
Fire: I believe the numbers were lower than EXPECTED. That is the key word, EXPECTED. They can come back and say well, they did not reach what we expected.
Consider this: If the numbers and the financials were already prepared by the old accountant and were supposed to be released May 1 - then why does it take so long to complete the "audit" when it was already prepared? If it was already prepared and accurate to the $9M in revenue, why not release it on time and have the explosion in stock price? Consider if they had released the 10K and the SP went to $5 -$10 then they started diluting. Who would be pissed at that point? How much more could they get from the dilution?
My thoughts - none of this adds up. Just my speculation and conspiracy theory. My line of work tends to let me see the motives and behaviors of those who commit fraud and sometimes heinous criminal acts. This behavior or secrecy and delays is a common theme .... This is not to say everyone who has secrecy and delays is a fraud or criminal, this is just my speculation on this scenario.
Take it for what its worth....
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