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Tuesday, July 06, 2004 12:31:06 PM
However, having credibly audited financials (even if all listing criterias are not met) could definitly influence positively the PPS. This may be of critical importance if additional acquisitions were to be considered in future and those would involve use of shares in doing the deal.
There may be many different justifications to producing an audit, one being to get listed.
IF the company is as per what is being said by the company the cost of an audit is a darn poor excuse not to produce one. Therefore, IF the company is as per it claims it to be, Matin must have other reasons not to get one right now.
The only reason I see is that he (and his close ones) are planning to buy shares or are curently doing it.
The other one is that Matin ("isn't familiar with the culture" as someone told me) is stupid. If the company is effectively what it is claimed to be, Matin may be many things (stubborn, ...) but stupid? I do not think so.
I still wonder who made buying transactions worth 10, 15 and even 25 thousand dollars per transactions a week or two ago and WHY??????????
Something doesn't add up in this situation.
I personally do not beleive that it is the story put out by the company. A Veltex there is and revenues of significance there are. Why not confirm it thru an audit?
The bets are openned!!!
Patiently,
Roger
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