Amfil Technologies Inc (FUNN)

[User-65225]

Footnotes are made up of historical information and other important details.. It’s not a matter of typing the footnote, it’s about finding and breaking down the info which takes so long.

... and when you hand an auditor a piece of information to support another piece of information, they often ask for additional information that the new information has made important... And this ticker has been around since 1985, under multiple management’s.

It’s important to understand how auditing actually works before assuming that it’s simple to do these things. The audit that they are undergoing is the most difficult audit of any type of stock in the markets. This includes big boards. Your INITIAL audit validates everything from scratch. There’s no historical information that can be relied on without solid/current validation....

...and because many of these penny stocks are complete scams, auditors take an extra amount of time to go over all the details, because the SEC holds them responsible if they don’t do a good job and many people get scammed.

All of these aspects add up into the most difficult audit a public company goes through. After this, all future audits will be simpler because they will have solid/audited information to base future information off of.... and because such a small percentage of companies ever uplist from the pinks, it’s also a significant accomplishment

Most, if not all uplisting audits take a year+. Even if a company has zero revenues.