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Re: ErnieBilco post# 10707

Friday, 07/22/2011 10:04:21 PM

Friday, July 22, 2011 10:04:21 PM

Post# of 32960
I'm sure it's a matter of money. Larger companies have an entire department that prepares financial statements for the accountants. With smaller companies like UYMG, it tends to be a stretch for them to come up with the $$ to pay accountants so audits can be completed. The financial statements will get done in due time. These guys want to move to the OTCBB. Call them and ask them. The only way they can do it is to get the audits done.

However, if they have an order for a large machine, the money has to go toward paying employees and vendors, so they can get it out the door. BTW, who came up with the term "fins." In 25 years of professional investing, I have never heard it used and it sounds almost comical.