Affluence Corp (AFFUD)

[RichieBoy]

Transparency at all time low I agree but...

For AFFU, the debt conversion generally comes first, with the full PCAOB audit finishing on top of that cleaned-up structure, but in practice they are running largely in parallel and then tying together at the end.

How AFFU is sequencing itAFFU’s 2025 shareholder letters describe a “financial reset” where they first focus on restructuring and converting remaining toxic/convertible debt into longer-term preferred equity (the “final phase of restructuring”).
Those same communications note that the Board is engaging a PCAOB-registered audit firm to issue audited financial statements for 2024 and 2025, which are needed for uplisting and better market tiers.

In microcaps like AFFU, the company typically executes most of the key restructuring actions (retiring/ converting legacy notes, settling derivative liabilities) using management accounts, then the auditors validate and finalize the historical financials that reflect those actions.

So, in terms of “what usually comes first”:Operationally: conversions/settlements are initiated and substantially completed first so the balance sheet is mostly cleaned up.Formally: the PCAOB audit then signs off on the financials that include those conversions, with some overlap as auditors review restructuring as it happens.

If you’re thinking about “on-time” for uplisting under the MTi-AFFU contract, you’d expect AFFU to substantially finish the remaining debt conversions by around the end of Q1 2026 and have the audit opinion land shortly after, using that post-restructuring balance sheet as the base.