InvestorsHub Logo
Followers 6
Posts 114
Boards Moderated 0
Alias Born 02/04/2017

Re: None

Tuesday, 08/20/2019 12:00:51 PM

Tuesday, August 20, 2019 12:00:51 PM

Post# of 205093
A lot of activity and conversation regarding financials and speculation it is a wonder the management and limited staff at ARYC can ship product at the rate being reported.The following is my take on the situation.
The biggest mistake was the hiring of RRBB in Dec 1916 who never produced a single financial statement in 2 1/2 years. It is my opinion that they didn't even start in earnest until 6 months after being appointed and the partner Dan took over and was in the hospital for some time. Bottom line not one single finance statement was issued. I am sure ARYC contributed to some of the delay but it is incumbent on the Accounting firm to get the job done. Been there and done it.
Who cares about long past financials--only the IRS if profit is made. ARYC option to generate two latest financials makes sense. This will give an immediate snapshot of net worth, sales and backlog. This will give a legal picture of what the company has done.A full statement for 2018 would be a huge step in satisfying most stockholders. This so called silent period will keep Rene/Mark on focusing on shipping on time to keep the money flowing into the company so our stock will be listed at $4.00/share.Only my opinion!!!