I thought that I would shed some light on audited financials...
For an audit firm to provide an audit, specifically for the first time, they have to go all the way back in the history of the corporate shell. This means going back {following is from the Pinksheets.com regarding the history of this shell]
Company Notes
?Formerly=E4World Corp. until 8-06
?Note=5-5-06 company is in the development stage
?Formerly=KoreaStation Corp. until 1-01
?Formerly=Envira Minerals, Inc. until 5-00
Once that is completed then they have to go over all of the activity once this company began to actually do something which began once Mike Parsons came on board. This was back in February of 2009.
All of the individual corporate filings need to be reviewed going back to the beginning. This is in no way a small task.
I am not privey to all of the findings going back before Mike came on board, however I'm sure that you can imagine the difficulty involved.
I don't want everyone to think that this audit is a simple...go back to when Mike Parsons came on board...reconsile the checkbook and move on! This first one is a huge undertaking.
This first one is very comprehensive, however once completed, will not have to be done again...once completed, subsequent audits will be more forthcoming.
I would hope that this may shed some light on the process and perhaps understand why I give the process a "bit of slack". My opinion only!
