(repost) Roger hired the appropriate people and all the foundation will be in place for future audits... it’s BS to insinuate that a company will always have these issues with their audits, when other companies do not.
Its Important to look at the situation sincerely/logically and comprehend that they had hundreds of thousands of transactions that were collected in Canada, then reported in US dollars. They never followed the conversion rates on the days those transactions took place because they were private and did not need to, so months of work had to go into correcting all that info... but this is easy to prevent for future filings once you get up to speed, just like thousands of other companies= Common sense
Also, this company took a big chance buying a bankrupt foreign company. A company that has transactions in a THIRD currency (Euro), but reports in US dollars.... buy it was wise to make this acquisition, because the potential is hundreds of millions in high margin revenue. The delays it caused will be worth it in the end
It’s easy/cheap to nitpick and claim they will never be able to do this right, but professionals were hired to make sure this does not happen again. Roger doesn’t do the accounting.
Its also important to keep in mind that most companies are already uplisted by the time they’re making tens of millions. It takes a shell with zero revenue a year+ to go through an uplisting audit, so I think the savvy investor cuts them some slack for how massive this company has grown, so fast.
Assuming that this company will always have these issues, while ignoring the reasons for these issues, is not savvy. They are working their ass off to get the stuff in order and prevent this from ever happening again, why wouldn’t they?! Do you think they ENJOY having these delays?!
Just days ago this audit was “never” going be signed off off, remember? the story is sure changing
We will see who "LMAO" last... PROPER/SINCERE DD will prevail
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and validation.
