PHI Group Inc (PHIL)

[saving_ryan]

I just want to say this for all the people who believe this should be going faster.

My wife is an EY auditor and works on both public and private clients. Their team, and they are an all star team, takes at least 3-4 weeks to complete smaller job client 10k’s and about 2 weeks for 10q’s. And these are companies that are and have been current.

My point is, yes, Henry should eventually hire a reputable audit firm with more resources, but that won’t necessarily speed up the process. There are ALOT of moving parts to a well conducted audit and that’s not even having to dig back to the past.

And I’ve mentioned this before, but I can almost assure you the cost of hiring a firm like EY was NOT in the budget. You’re talking hundreds of thousands to millions versus the much lower cost currently being incurred to get current.