Wednesday, September 11, 2019 11:13:10 AM
For one it signifies a massive failure by ARYC'S management to produce documentation to successfully complete the multi year audit. There is no running away from that.
Second the failure of management to appoint a new auditor in a timely fashion is another serious negative strike against management.
Firms don't go dark after being in business for 20 odd years.
Folks are trying to bend over backwards to envision scenarios where Mark and Rene has some sophisticated well thought out plan of action to make everything right again.
In my experience in the penny world what you see is what you get. There is nothing else.
Sad, true and depressing.
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