My Freightworld Technologies Inc (MYFT)

[sensible]

You seem a sensible fellow, and as my handle implies, I like to think of myself in the same way.

As I read the Company'a PR, they have engaged a "reputable" auditor. So your first demand seems, to me, to be met.

Your second demand is entirely reasonable, and I would hope that they will attend to this ASAP, however, they are a development stage company and they need time to fully address this issue.

Third, as to their 100 to 1 P/E ratio, most emerging companies have sky high P/E ratios, if they have one at all. Not to say that this company is Google, or that they have a shot of becoming Google, but when Google had an infinite P/E for years before it turned a single dime in revenue.

Emerging companies have high P/E ratios because their supporters believe they will become large companies. They should have huge ratios by default. Why would anyone invest in a penny stock without one, or the potential for one? MSFT has a P/E of @ 20, but used to be around 10, this means MSFT is way over priced as its not going to be going up anytime soon, and tried and true companies should be around 10. AAPL is also around 20 and it is most certainly overpriced, but the public believes it is going to go up, so there you have it.

The greater the potential for growth, the greater the P/E. ANYT has a lot of believers. Maybe it shouldn't, but then again, if they can put forth a great plan, than they should have the potential for explosive growth and a P/E of 100 on a $0.10 stock is low.