Friday, June 04, 2021 10:12:18 AM
But I can’t believe he doesn't even have the records yet.
Think about it: assuming arguendo that he gets the records TODAY, unlikely, and assuming arguendo that the records are perfect, unlikely, and assuming arguendo that the records after analyses contain no red flags or uncleanable issues, (who knows?) and assuming arguendo that he got updated filings to the SEC TODAY (I understand this can’t happen without the records but we are assuming ‘arguendo’) it would take months for the SEC and OTC to analyze the filings to vet them for correctness.
Remember the OTC advisory is that all non-current companies have updated financials to the SEC by the end of JUNE so the OTC will be able to review them by the SEPTEMBER 26 deadline.
How long do you think it will take certified accountants to provide new audited financials if they get the old books TODAY and there are no shareholder issues (also unlikely)?
This could get really bad right?
Just my opinion.
Good luck to all.
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