Alkame Holdings Inc (ALKM)

[Theoblade]

They are getting their ship straightened out.

And I quote...

"We have begun to take steps to enhance and improve the design of our internal control over financial reporting. During the period covered by this annual report on Form 10-K, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we have begun the implementation of the following changes during our fiscal year ending December 31, 2016: (i) appointed additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting.

Remediation of Material Weakness

With our subsequent acquisition of the Bell Foods and Beverages operations and facility, we have added a full-time bookkeeper to handle the majority of the day-to-day posting and administrative work in the office. In early 2019, we added a second experiences bookkeeper to assist with catching up our delinquent workload and to work with our outsourced financial advisor to complete or delinquent reporting obligations. While this may take several months to accomplish, we are well on our way to becoming current with all our reporting obligations."

From their last 10k, a little more than a month ago.