To clear any confusion. They’re not an “accounting firm” they are auditors. Who do use accountants. But the responsibility of the auditors goes way beyond the financial numbers. They have to ensure that the company comply with the requirements of the SEC and OTC with regard as to how items of business, actions of management members, classification of mergers, disposition/ allocation of sharesacquisitions etc are documented.
This all comes down to Waldroopy and G-Loser both having ZERO experience before evio in operating a public company. They write up the financials and document and classify the various actions and activities the company was up to in the time period. Along with the actual revenue numbers. What happens is Waldroopy and G-Loser make too many mistakes in their submission. The auditor reviews it. And sends it back with notes “you can’t submit this saying X, because SEC rule 1234, it has to comply as Y” so Waldroopy works to fix this one note. Then sends it back to the auditor. Who reviews it and says “ok, that’s fixed, but now in the next paragraph you’ve said this and classified that revenue like that, and that’s not correct due to SEC 3456” so they send it back to Waldroopy and GLoser and they fix that and then submit it to the auditor again. And repeat.
There’s two big issues going on to my best guess.
A. Waldroopy I G-Loser are so out of depth with zero experience or expertise in how to write up and organize financials they arrive at the auditors in such a mess of WRONG that there is just so much to fix. See the last four years and we’ll over 60% of ALL the companies filings have been late.
B. Waldroopy and G-Loser are very arrogant egomaniacs. The type who take every pointing out of errors personally and lash out when their obvious mistakes are pointed out to them. Rather than utilize their inexperience to treat situations as learning experiences. They make excuses. Over and over. Making their working reputations dog crap among many vendors. The auditors could work with them and send a pile of notes at once, helping the company to get up to date ASAP. Or the more likely circumstance is that Waldroopy and GLoser have arrogantly frustrated the auditors over the previous seven months another in a long list of people who have worked with them and in return rather than provide the company a long list of their mistakes all at once. They send them back one mistake ata time. And then they put evio ay the bottom of the to do list. Every single time. And here we are 7 months and counting three reports late and fast coming into a fourth.
So for every other small cap deal on the otc they get 5 notes at once, they get fixed and submitted. And they’re gtg in 2-3 weeks.
Evio has 50 errors cause they’re incompetent and they get sent back notes one at a time. Shareholders suffer. Waldroopy and GLoser continue making excuses, never admitting mistakes. Neither in the terribly written financials submitted over and over or their manner of doing business seeing them go through like four 4 CFO’s and three auditors in the past two years. It’s next level incompetence with a generous helping of delusion, denialand ego to top off the shareholder destruction sundae. But they’ve done nothing wrong. It’s everyone else’s fault. Don’t forget that.
