"I don't know how any me can take the unaudited financials as truth at this point."
Then don't. But most pink stocks don't do audits. Most pink stocks also don't do the revenue we do! If you want a trusted company, with trusted audits, then buy blue chips. No biggie. But to buy a pinkie with no audits, and then complain that it has no audits? Makes no sense. Yes, they said audits would come, but that was the CEO of a pinkie. Oh, and he is GONE as CEO, so that we don't have to listen to broken promises over and over again. I hated that too. But his being gone is to me a sign they are trying to improve.
As for the 50% reduction on the audit. The TWO audits done showed two things. The first one showed in INCREASE in revenues versus what they said. The second one showed the decrease, and they said WHY it did. Because they had to reclassify some revenue due to how they did it versus what was wanted by the auditor. it also reduced the correlating expenses for those revenues, but no one remembers that part. Still, this is a pinkie. Yes, they have screwed up a lot of things. But again - IT IS A PINKIE. fi they knew it all and did it all right, it would be on the OTC by now. And yes, as they grow and LEARN, I think they will end up there. But mistakes were made? of COURSE they were. NO audits? A PINKIE.
Don't try to require it to have the same solid books or earnings or revenues as a Dave and Busters, trading at $40 per share. It is NOT going to happen. Nor should we EXPECT it to.
Own a pinkie, and know that it is there because it has issues it has not worked out yet. Buy if you think some day they will grow and get it together and become a better company. That's what it means when some of us say we know what we own. We own a company that is a pinkie, has had issues, and is showing better things starting from now forward. It would have been starting 18 months ago, but he Virus delayed us. SO now, our revenues WILL grow, as new cafes are open. Not hoped for, but open. And we look towards that future with educated hope that the stock price will follow, now that they are finally opening new locations. That's the future we see, with higher stock prices and more cafes open. But don't buy or talk about a pinkie with parameters like solid audits that are not the norm for pinkies.
That's the bottom line. No matter what - it is at this time a pinkie. Don't ask it to be more than that for now.
