I don’t think you need to be a rocket scientist to figure out what the holdup is and why there’s been a delay.
The feeling that we had been told and sold was that once we were current and had the name changed etc. that the people we are trying to acquire would see the small share structure, quality advisory board, potential synergies, hope for future uplifting etc. and feel comfortable in being able to trade their current company shares for our shares in this new company ( XCRT ).
Now as Paul Harvey would say, here’s the rest of the story. No one with any fiduciary responsibility ( companies looking to be acquired or partner with us ) would ever except shares in an unaudited pink sheet small-cap company and no big-name investment bank whatever represent the authenticity of the numbers from that institution ( XCRT ) without having a full-blown audit of the last two years financials done first.
Mike all but said that in his last press release, so the good news imo is that we have several companies interested in partnering with us and we have good people with great track records involved in getting the process of our audit and an acquisition done sometime in the near future but the bad news is that audits of 2 years financials don’t happen overnight.
We are probably at least anywhere from 2 to 4 more weeks out before they could possibly have a thorough audit done in order for us to be able to make a major acquisition. Hopefully the two parties are at a place where they’ve already negotiated the terms and are just waiting on each other’s financials to get audited to be able to consummate the deal and we can get something out sometime in the next 30 days or so would be exceptionally surprised to see something come out this week.
And believe me with 1.6 million shares I would love to see the information come out sooner than later
