Polaris International Holdings (PIHN)

[lancefz]

this was a great post....thanks seabiscuit..


Posted by: seabiscuit Date: Tuesday, March 09, 2010 1:37:59 AM
In reply to: seabiscuit who wrote msg# 15354 Post # of 17362

CEO Kuni will be authenticating PIHN's Financials with the Legal Opinion of the SEC qualified Lawyer . The Financials will be PIHN's first official record of Staff Is' revenues since Polaris acquired the company so it is important for the Financials to be 100 % accurate .

PIHN's fiscal year is October 1st to September 30th , and Staff Is was acquired November 1st during the first quarter of fiscal year 2010 .

Should PIHN aspire to become an SEC reporting Security ( eg OTCBB ) that would also be required to be Sarbanes Oxley compliant to auditing standards , or should PIHN just want to have 2010 audited and remain on the OTC it is ultra important for the first quarter Financials that include Staff Is to meet any auditing standards for year-end 2010 . A full year audit must have perfect quarterly financials so that there is no re-statement of any quarterly .

Positive implications all due to the SEC qualified lawyer authenticating the 1st quarter Financials !

Throw in any cash flow positive earnings ( ie PROFIT ) augmented by the Legal Opinion authentication and PIHN's PPS goes north with committed investors in contrast to uncommitted flippers .

PIHN's PPS evolves or devolves on the calibre of the Financials .

Renee