Grand Havana Inc (GHAV)

[Dickmo]

I believe the problem with the audit is not related to the coffee business, but with the shell's business activities prior to the coffee business. Lots of micro cap companies employ financial practices that use terms like 'shoebox', 'bill drawer', 'owner IOU', and 'walking around money'. 3, 4, or more years after the fact, these practices are very hard to audit.

If I had to guess, the audit problem is due to the shell the company purchased. A combination of time, poor accounting practices by the previous shell owners, and often missing paperwork make the audit job very difficult. I am hopeful that this isn't going to go on much longer. But there is no way to know. The fact that they are still working on the audit tells me that the auditor believes there is a solution to whatever problems exist.