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Thursday, May 27, 2021 5:00:10 PM
What many do not understand is that a lot of the delays are caused by the note holders taking their sweet time returning signed confirmations to the Auditor.
With note holders literally around the globe, it simply takes time to track them all down and to get them to comply with the request for a signed confirmation.
Not to mention that I believe some of the note holders had no incentive to sign the confirmations quickly, as they wanted to keep the pps low so they could convert into more shares. The faster they confirm, the faster the K comes out, the faster pps goes up.
Henry has to rely on the note holders to respond, then he has to reply on the Auditor to jump, when the Auditor has many clients who all expect him to jump.
It's a vicious cycle and Henry is not in control of how long it takes.
He does understand that getting an actual accounting firm needs to happen after the 2021 filings are all completed (including the 2021 K, which is due at end of August).
It would be a nightmare to change auditors prior to 2021 being wrapped up by the current dude.
Always check for water before diving in head first.............
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